Franklin Resources Inc. Grows Position in Ducommun Incorporated (NYSE:DCO)

Franklin Resources Inc. increased its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 13.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,712 shares of the aerospace company's stock after purchasing an additional 9,187 shares during the quarter. Franklin Resources Inc. owned 0.53% of Ducommun worth $5,023,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in DCO. Point72 DIFC Ltd boosted its holdings in shares of Ducommun by 591.2% in the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock worth $52,000 after buying an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Ducommun in the third quarter worth approximately $80,000. Eastern Bank purchased a new position in shares of Ducommun during the 3rd quarter worth $118,000. Quantbot Technologies LP bought a new stake in shares of Ducommun during the 3rd quarter valued at $132,000. Finally, Arizona State Retirement System purchased a new stake in shares of Ducommun in the 2nd quarter worth $202,000. Institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on DCO shares. Truist Financial boosted their price target 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 shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $73.00.

Ducommun Price Performance

Shares of Ducommun stock traded up $0.49 during trading hours on Tuesday, hitting $62.25. The company's stock had a trading volume of 26,370 shares, compared to its average volume of 85,889. The company has a market cap of $919.99 million, a PE ratio of 31.28 and a beta of 1.41. 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 business has a 50 day moving average price of $64.42 and a two-hundred day moving average price of $62.79. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.50.

Insider Activity at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the firm's stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the transaction, the director now directly owns 409,900 shares of the company's stock, valued at approximately $28,488,050. This trade represents a 0.24 % 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 owned by corporate insiders.

Ducommun 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.