BNP Paribas Financial Markets Sells 1,729 Shares of Ducommun Incorporated (NYSE:DCO)

BNP Paribas Financial Markets trimmed its holdings in Ducommun Incorporated (NYSE:DCO) by 19.3% in the third quarter, Holdings Channel reports. The fund owned 7,240 shares of the aerospace company’s stock after selling 1,729 shares during the period. BNP Paribas Financial Markets’ holdings in Ducommun were worth $477,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of DCO. Quantbot Technologies LP bought a new stake in Ducommun during the 3rd quarter worth approximately $132,000. FMR LLC boosted its holdings in shares of Ducommun by 46.1% in the third quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after buying an additional 13,989 shares during the period. Algert Global LLC increased its position in shares of Ducommun by 6.0% during the third quarter. Algert Global LLC now owns 22,642 shares of the aerospace company’s stock worth $1,491,000 after acquiring an additional 1,287 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Ducommun by 57.0% during the third quarter. Advisors Asset Management Inc. now owns 12,972 shares of the aerospace company’s stock worth $854,000 after acquiring an additional 4,710 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Ducommun by 24.2% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,908 shares of the aerospace company’s stock valued at $3,088,000 after acquiring an additional 9,142 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Up 0.4 %

Shares of DCO stock opened at $63.75 on Friday. The firm’s fifty day moving average price is $64.60 and its two-hundred day moving average price is $62.52. Ducommun Incorporated has a 1 year low of $47.53 and a 1 year high of $70.50. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $942.23 million, a P/E ratio of 32.01 and a beta of 1.41.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DCO shares. Truist Financial increased their target price on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $73.00.

Insider Activity at Ducommun

In other news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the sale, the chief executive officer now directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This represents a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares of the company’s stock, valued at $28,488,050. This trade represents a 0.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.80% of the stock is owned by company insiders.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.