Eagle Asset Management Inc. Cuts Stock Position in Ducommun Incorporated (NYSE:DCO)

Eagle Asset Management Inc. decreased its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 27.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,254 shares of the aerospace company's stock after selling 26,418 shares during the quarter. Eagle Asset Management Inc. owned 0.47% of Ducommun worth $4,715,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. RDST Capital LLC raised its holdings 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. raised its stake in shares of Ducommun by 70.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company's stock valued at $6,541,000 after buying an additional 46,544 shares during the last quarter. Oliver Luxxe Assets LLC lifted its holdings in shares of Ducommun by 111.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company's stock valued at $1,337,000 after buying an additional 10,702 shares during the period. Easterly Investment Partners LLC purchased a new stake in shares of Ducommun in the second quarter worth about $656,000. Finally, Vanguard Group Inc. grew its holdings in Ducommun by 0.9% during the first quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company's stock worth $38,315,000 after acquiring an additional 6,869 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Stephen G. Oswald sold 1,200 shares of the company's stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the transaction, the chief executive officer now directly owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 8.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

Ducommun Price Performance

Ducommun stock traded up $1.15 during midday trading on Monday, reaching $67.43. The company had a trading volume of 189,563 shares, compared to its average volume of 80,235. The company has a market capitalization of $996.62 million, a P/E ratio of 33.31 and a beta of 1.39. The firm's fifty day simple moving average is $64.54 and its 200-day simple moving average is $61.83. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.04. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

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.