UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Lowers Position in Ducommun Incorporated (NYSE:DCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Ducommun Incorporated (NYSE:DCO) by 20.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,590 shares of the aerospace company’s stock after selling 4,638 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ducommun were worth $1,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. RDST Capital LLC lifted its position in Ducommun by 16.8% in the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after purchasing an additional 77,595 shares during the last quarter. First Eagle Investment Management LLC raised its stake 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 boosted its holdings 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 worth $11,986,000 after purchasing an additional 2,880 shares during the period. Diamond Hill Capital Management Inc. increased its holdings in Ducommun by 15.7% during 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 purchasing an additional 17,720 shares during the period. Finally, Gabelli Funds LLC raised its position in Ducommun by 26.8% during the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock valued at $4,583,000 after purchasing an additional 16,674 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.6 %

NYSE DCO opened at $64.15 on Wednesday. The company has a 50 day moving average price of $64.58 and a 200 day moving average price of $62.68. Ducommun Incorporated has a 52 week low of $47.53 and a 52 week high of $70.50. The firm has a market cap of $948.07 million, a PE ratio of 32.45 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.

Wall Street Analyst Weigh In

DCO has been the subject of a number of research analyst reports. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. 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 research note on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $73.00.

Insider Activity at Ducommun

In other news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $28,488,050. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $22,625,134.32. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.80% of the stock is owned by insiders.

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.