Geode Capital Management LLC Purchases 1,610 Shares of Ducommun Incorporated (NYSE:DCO)

Geode Capital Management LLC raised its position in Ducommun Incorporated (NYSE:DCO) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 310,704 shares of the aerospace company’s stock after acquiring an additional 1,610 shares during the period. Geode Capital Management LLC’s holdings in Ducommun were worth $20,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Point72 DIFC Ltd grew its stake in shares of Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after acquiring an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ducommun in the 3rd quarter worth approximately $80,000. Eastern Bank purchased a new stake in Ducommun during the 3rd quarter worth approximately $118,000. Quantbot Technologies LP acquired a new position in Ducommun during the 3rd quarter valued at approximately $132,000. Finally, Arizona State Retirement System purchased a new position in shares of Ducommun in the second quarter worth $202,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DCO has been the topic of a number of research analyst reports. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Truist Financial boosted their price target on 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 issued a strong buy rating to the company. According to MarketBeat.com, Ducommun presently has an average rating of “Buy” and a consensus price target of $73.00.

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 dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the sale, the director now directly owns 409,900 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. 8.80% of the stock is owned by corporate insiders.

Ducommun Stock Down 2.0 %

NYSE:DCO opened at $60.85 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The company’s fifty day moving average price is $64.13 and its 200-day moving average price is $62.86. Ducommun Incorporated has a 1-year low of $47.53 and a 1-year high of $70.50. The firm has a market capitalization of $899.30 million, a P/E ratio of 30.58 and a beta of 1.41.

Ducommun Company 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.