Central Pacific Bank Trust Division Purchases New Stake in Ducommun Incorporated (NYSE:DCO)

Central Pacific Bank Trust Division acquired a new stake in Ducommun Incorporated (NYSE:DCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 500 shares of the aerospace company’s stock, valued at approximately $32,000.

A number of other institutional investors have also made changes to their positions in DCO. Wellington Management Group LLP bought a new stake in shares of Ducommun during the third quarter worth $8,990,000. RDST Capital LLC boosted its position in shares of Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after buying an additional 77,595 shares during the period. Diamond Hill Capital Management Inc. raised its position in Ducommun by 70.4% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock valued at $6,541,000 after buying an additional 46,544 shares during the last quarter. Barclays PLC lifted its stake in Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after acquiring an additional 30,873 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in Ducommun by 140.4% during the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after acquiring an additional 20,240 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Stock Performance

NYSE DCO opened at $64.01 on Monday. The firm has a market capitalization of $946.00 million, a P/E ratio of 32.17 and a beta of 1.41. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average price is $64.22 and its two-hundred day moving average price is $63.06. Ducommun Incorporated has a 1 year low of $47.53 and a 1 year high of $70.50.

Insider Activity

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the business’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 transaction of $69,500.00. Following the transaction, the director now owns 409,900 shares of the company’s stock, valued at $28,488,050. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on shares of Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Finally, Royal Bank of Canada initiated coverage on Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ducommun presently has an average rating of “Buy” and a consensus price target of $76.00.

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.