Ducommun Incorporated (NYSE:DCO) Shares Purchased by Fmr LLC

Fmr LLC increased its stake in shares of Ducommun Incorporated (NYSE:DCO) by 46.1% in the 3rd quarter, Holdings Channel reports. The firm owned 44,331 shares of the aerospace company’s stock after purchasing an additional 13,989 shares during the period. Fmr LLC’s holdings in Ducommun were worth $2,918,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of DCO. Inspire Investing LLC raised its holdings in Ducommun by 3.3% in the 3rd quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock valued at $414,000 after acquiring an additional 201 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Ducommun by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock valued at $1,244,000 after acquiring an additional 300 shares during the last quarter. Pathstone Holdings LLC raised its holdings in Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after acquiring an additional 319 shares during the last quarter. Rhumbline Advisers raised its holdings in Ducommun by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock valued at $1,390,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Algert Global LLC raised its holdings in Ducommun by 6.0% in the 3rd quarter. Algert Global LLC now owns 22,642 shares of the aerospace company’s stock valued at $1,491,000 after acquiring an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Stock Performance

Ducommun stock opened at $63.69 on Friday. The firm has a 50 day simple moving average of $64.57 and a 200-day simple moving average of $62.59. Ducommun Incorporated has a 1-year low of $47.53 and a 1-year high of $70.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The stock has a market cap of $941.27 million, a price-to-earnings ratio of 32.01 and a beta of 1.41.

Analysts Set New Price Targets

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

Insider Activity

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

Ducommun Profile

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.