Hennion & Walsh Asset Management Inc. Grows Position in Ducommun Incorporated (NYSE:DCO)

Hennion & Walsh Asset Management Inc. lifted its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 49.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,736 shares of the aerospace company's stock after acquiring an additional 5,554 shares during the quarter. Hennion & Walsh Asset Management Inc. owned approximately 0.11% of Ducommun worth $1,065,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Central Pacific Bank Trust Division bought a new stake in shares of Ducommun during the fourth quarter worth about $32,000. Point72 DIFC Ltd boosted its position in Ducommun by 591.2% during the 3rd 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 period. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ducommun during the 3rd quarter worth approximately $80,000. Eastern Bank bought a new stake in Ducommun during the 3rd quarter worth approximately $118,000. Finally, Quantbot Technologies LP acquired a new position in Ducommun in the 3rd quarter valued at approximately $132,000. Institutional investors own 92.15% of the company's stock.

Ducommun Trading Down 0.6 %

Ducommun stock traded down $0.39 during trading hours on Monday, reaching $68.30. 62,557 shares of the company's stock were exchanged, compared to its average volume of 78,659. The firm has a market capitalization of $1.01 billion, a PE ratio of 34.32 and a beta of 1.42. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm's 50 day simple moving average is $64.87 and its 200 day simple moving average is $63.68. Ducommun Incorporated has a twelve month low of $47.53 and a twelve month high of $70.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on DCO shares. Truist Financial lifted their price target on shares of Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Royal Bank of Canada initiated coverage on Ducommun in a report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 target price on the stock. Finally, StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ducommun presently has a consensus rating of "Buy" and a consensus target price of $76.50.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the transaction, the director now owns 409,900 shares in the company, valued at approximately $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.80% of the company's stock.

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.