Barclays PLC Buys 30,873 Shares of Ducommun Incorporated (NYSE:DCO)

Barclays PLC lifted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 137.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,382 shares of the aerospace company's stock after buying an additional 30,873 shares during the period. Barclays PLC owned about 0.36% of Ducommun worth $3,514,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Point72 DIFC Ltd raised its holdings in shares of Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock worth $52,000 after acquiring an additional 674 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Ducommun in the 3rd quarter valued at about $80,000. Eastern Bank bought a new stake in shares of Ducommun in the third quarter valued at about $118,000. Quantbot Technologies LP acquired a new position in shares of Ducommun during the third quarter worth about $132,000. Finally, Arizona State Retirement System acquired a new stake in Ducommun in the 2nd quarter valued at approximately $202,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Price Performance

DCO stock traded down $0.13 during mid-day trading on Monday, hitting $61.76. The stock had a trading volume of 83,033 shares, compared to its average volume of 86,130. The firm has a fifty day simple moving average of $64.42 and a 200 day simple moving average of $62.79. The firm has a market capitalization of $912.75 million, a P/E ratio of 31.04 and a beta of 1.41. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a 52 week low of $47.53 and a 52 week high of $70.50.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the transaction, the director now owns 409,900 shares of the company's stock, valued at $28,488,050. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.80% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DCO shares. Truist Financial raised their price objective on Ducommun from $71.00 to $80.00 and gave the company a "buy" rating in a report on Friday, November 8th. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Ducommun presently has a consensus rating of "Buy" and an average target price 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.