Advisors Asset Management Inc. Grows Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Advisors Asset Management Inc. raised its stake in shares of Ducommun Incorporated (NYSE:DCO) by 57.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,972 shares of the aerospace company’s stock after acquiring an additional 4,710 shares during the period. Advisors Asset Management Inc. owned approximately 0.09% of Ducommun worth $854,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DCO. Russell Investments Group Ltd. lifted its holdings in shares of Ducommun by 8.0% during the first quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 584 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in shares of Ducommun in the 1st quarter worth $274,000. Vanguard Group Inc. boosted its holdings in shares of Ducommun by 0.9% in the first quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after acquiring an additional 6,869 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of Ducommun during the first quarter worth about $387,000. Finally, Annex Advisory Services LLC raised its holdings in Ducommun by 12.5% during the second quarter. Annex Advisory Services LLC now owns 21,012 shares of the aerospace company’s stock worth $1,220,000 after purchasing an additional 2,340 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DCO has been the topic of a number of analyst reports. Truist Financial lifted their price objective on 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 research note on Tuesday, November 12th. Finally, The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $73.00.

Insider Buying and Selling at Ducommun

In other news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was 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 in the company, valued at $22,625,134.32. This represents a 0.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 8.80% of the stock is owned by company insiders.

Ducommun Stock Performance

Shares of DCO opened at $66.60 on Wednesday. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.04. The stock has a market cap of $984.35 million, a P/E ratio of 33.47 and a beta of 1.39. The company has a 50-day moving average of $64.64 and a two-hundred day moving average of $61.97. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

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.