Connor Clark & Lunn Investment Management Ltd. Has $3.09 Million Position in Ducommun Incorporated (NYSE:DCO)

Connor Clark & Lunn Investment Management Ltd. raised its holdings in Ducommun Incorporated (NYSE:DCO - Free Report) by 24.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,908 shares of the aerospace company's stock after purchasing an additional 9,142 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.32% of Ducommun worth $3,088,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. RDST Capital LLC lifted its position in shares of Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company's stock worth $31,369,000 after purchasing an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Ducommun by 70.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company's stock valued at $6,541,000 after purchasing an additional 46,544 shares during the last quarter. Oliver Luxxe Assets LLC raised its holdings in shares of Ducommun by 111.5% during the third quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company's stock worth $1,337,000 after purchasing an additional 10,702 shares during the period. Easterly Investment Partners LLC bought a new position in shares of Ducommun in the 2nd quarter worth about $656,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Ducommun by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company's stock valued at $38,315,000 after buying an additional 6,869 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the business's stock in a transaction 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 sale, the chief executive officer now directly owns 341,151 shares of the company's stock, valued at $22,625,134.32. The trade was a 0.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 8.80% of the company's stock.

Ducommun Price Performance

Shares of DCO traded up $1.15 during mid-day trading on Monday, hitting $67.43. The company's stock had a trading volume of 189,563 shares, compared to its average volume of 80,235. Ducommun Incorporated has a fifty-two week low of $47.53 and a fifty-two week high of $70.04. The stock has a market capitalization of $996.62 million, a price-to-earnings ratio of 33.31 and a beta of 1.39. The firm has a 50-day moving average price of $64.54 and a 200 day moving average price of $61.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Truist Financial upped their price objective on Ducommun from $71.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group upgraded Ducommun from a "neutral" rating to a "buy" rating and raised their target price for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $73.00.

Ducommun Company 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.