Wellington Management Group LLP Takes $8.99 Million Position in Ducommun Incorporated (NYSE:DCO)

Wellington Management Group LLP acquired a new position in Ducommun Incorporated (NYSE:DCO - Free Report) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 136,569 shares of the aerospace company's stock, valued at approximately $8,990,000. Wellington Management Group LLP owned 0.92% of Ducommun as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCO. RDST Capital LLC grew its holdings in shares of Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company's stock worth $31,369,000 after purchasing an additional 77,595 shares during the period. First Eagle Investment Management LLC increased its position in shares of Ducommun by 2.1% during the second quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company's stock valued at $13,004,000 after acquiring an additional 4,500 shares during the last quarter. Meros Investment Management LP increased its position in shares of Ducommun by 1.4% during the second quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company's stock valued at $11,986,000 after acquiring an additional 2,880 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Ducommun by 15.7% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company's stock valued at $8,583,000 after acquiring an additional 17,720 shares during the period. Finally, Gabelli Funds LLC lifted its holdings in shares of 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 acquiring an additional 16,674 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DCO. Truist Financial lifted their target price on shares of Ducommun from $71.00 to $80.00 and gave the company a "buy" rating in a report on Friday, November 8th. StockNews.com upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $73.00.

Insider Transactions at Ducommun

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

Ducommun Stock Up 1.4 %

DCO stock traded up $0.88 during midday trading on Monday, hitting $64.57. The company's stock had a trading volume of 87,762 shares, compared to its average volume of 85,268. The firm has a 50-day simple moving average of $64.57 and a 200-day simple moving average of $62.63. The firm has a market capitalization of $954.28 million, a P/E ratio of 32.15 and a beta of 1.41. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a 52-week low of $47.53 and a 52-week high of $70.50.

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.