State Street Corp Trims Stock Position in Ducommun Incorporated (NYSE:DCO)

State Street Corp cut its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 13.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 482,075 shares of the aerospace company's stock after selling 75,280 shares during the period. State Street Corp owned approximately 3.26% of Ducommun worth $31,735,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of DCO. RDST Capital LLC lifted its holdings in shares of Ducommun by 16.8% in the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company's stock valued at $31,369,000 after buying an additional 77,595 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in Ducommun by 70.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company's stock valued at $6,541,000 after acquiring an additional 46,544 shares during the period. Gabelli Funds LLC boosted its position in Ducommun by 26.8% in the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company's stock worth $4,583,000 after purchasing an additional 16,674 shares in the last quarter. FMR LLC boosted its position in Ducommun by 46.1% in the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company's stock worth $2,918,000 after purchasing an additional 13,989 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Ducommun during the 2nd quarter worth approximately $774,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Robert C. Ducommun sold 1,000 shares of the firm's 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 $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 available through this link. Company insiders own 8.80% of the company's stock.

Ducommun Price Performance

Ducommun stock traded up $0.67 during trading on Friday, reaching $61.89. The company had a trading volume of 172,131 shares, compared to its average volume of 86,143. 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's 50-day simple moving average is $64.48 and its 200 day simple moving average is $62.77. The firm has a market capitalization of $914.67 million, a PE ratio of 31.10 and a beta of 1.41. Ducommun Incorporated has a 1-year low of $47.53 and a 1-year high of $70.50.

Analyst Ratings Changes

DCO has been the subject of several analyst reports. Truist Financial boosted their target price 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. StockNews.com upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report 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 data from MarketBeat.com, Ducommun currently has an average rating of "Buy" and a consensus target price of $73.00.

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.