Diamond Hill Capital Management Inc. Acquires 17,720 Shares of Ducommun Incorporated (NYSE:DCO)

Diamond Hill Capital Management Inc. raised its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 15.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 130,384 shares of the aerospace company's stock after acquiring an additional 17,720 shares during the quarter. Diamond Hill Capital Management Inc. owned approximately 0.88% of Ducommun worth $8,583,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Eastern Bank bought a new position in shares of Ducommun during the 3rd quarter worth approximately $118,000. EntryPoint Capital LLC increased its position in Ducommun by 323.9% during the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company's stock valued at $129,000 after acquiring an additional 1,914 shares during the last quarter. Arizona State Retirement System purchased a new position in shares of Ducommun during the 2nd quarter valued at about $202,000. SG Americas Securities LLC purchased a new position in shares of Ducommun during the 3rd quarter valued at about $213,000. Finally, State Board of Administration of Florida Retirement System purchased a new position in shares of Ducommun in the 1st quarter valued at about $274,000. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DCO has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 17th. Truist Financial lifted their price target on shares of Ducommun from $71.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $73.00.

Insider Transactions at Ducommun

In other news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the transaction, the vice president now owns 63,826 shares of the company's stock, valued at $4,097,629.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Stephen G. Oswald sold 1,200 shares of the firm'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 transaction, the chief executive officer now owns 341,151 shares of the company's stock, valued at $22,625,134.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.80% of the company's stock.

Ducommun Trading Down 1.6 %

Shares of Ducommun stock traded down $1.11 during trading hours on Tuesday, reaching $68.07. The stock had a trading volume of 90,055 shares, compared to its average volume of 77,756. The firm has a market capitalization of $1.00 billion, a price-to-earnings ratio of 34.10 and a beta of 1.39. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. Ducommun Incorporated has a 1 year low of $47.27 and a 1 year high of $70.04. The firm has a 50 day simple moving average of $63.92 and a two-hundred day simple moving average of $61.10.

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.