Ducommun Incorporated (NYSE:DCO) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 140.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,655 shares of the aerospace company's stock after acquiring an additional 20,240 shares during the period. Jane Street Group LLC owned approximately 0.23% of Ducommun worth $2,281,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DCO. Bank of New York Mellon Corp lifted its holdings in Ducommun by 11.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,875 shares of the aerospace company's stock valued at $2,954,000 after purchasing an additional 5,359 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Ducommun by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 45,679 shares of the aerospace company's stock worth $2,652,000 after acquiring an additional 2,000 shares during the last quarter. Rhumbline Advisers raised its holdings in Ducommun by 4.7% in the 2nd quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company's stock valued at $1,390,000 after acquiring an additional 1,067 shares during the last quarter. Arizona State Retirement System acquired a new position in Ducommun in the 2nd quarter valued at $202,000. Finally, Levin Capital Strategies L.P. purchased a new position in shares of Ducommun during the 2nd quarter worth $305,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Trading Up 0.8 %

NYSE DCO traded up $0.49 during mid-day trading 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 debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 52-week low of $47.53 and a 52-week high of $70.50. The stock's fifty day simple moving average is $64.42 and its two-hundred day simple moving average is $62.79. The firm has a market capitalization of $919.99 million, a P/E ratio of 31.28 and a beta of 1.41.

Insider Buying and Selling 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.