Fmr LLC Raises Holdings in Ducommun Incorporated (NYSE:DCO)

FMR LLC boosted its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 46.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,331 shares of the aerospace company's stock after purchasing an additional 13,989 shares during the period. FMR LLC owned about 0.30% of Ducommun worth $2,918,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Inspire Investing LLC boosted its stake in shares of Ducommun by 3.3% during the third quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company's stock valued at $414,000 after purchasing an additional 201 shares during the period. Victory Capital Management Inc. lifted its holdings in Ducommun by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company's stock valued at $1,244,000 after buying an additional 300 shares in the last quarter. Pathstone Holdings LLC boosted its position 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 buying an additional 319 shares during the period. Rhumbline Advisers grew its stake in Ducommun by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company's stock worth $1,390,000 after acquiring an additional 1,067 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Ducommun by 6.0% during the third quarter. Algert Global LLC now owns 22,642 shares of the aerospace company's stock worth $1,491,000 after acquiring an additional 1,287 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Ducommun

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

Ducommun Stock Up 0.3 %

Ducommun stock traded up $0.21 during mid-day trading on Friday, reaching $63.69. 70,157 shares of the company were exchanged, compared to its average volume of 85,258. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The firm has a market cap of $941.27 million, a P/E ratio of 32.01 and a beta of 1.41. The business has a fifty day moving average of $64.57 and a 200 day moving average of $62.59. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.50.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. Truist Financial upped their target price on Ducommun from $71.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Four equities 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 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.