Victory Capital Management Inc. Acquires 300 Shares of Ducommun Incorporated (NYSE:DCO)

Victory Capital Management Inc. boosted its holdings in Ducommun Incorporated (NYSE:DCO) by 1.6% during the third quarter, Holdings Channel reports. The fund owned 18,900 shares of the aerospace company’s stock after purchasing an additional 300 shares during the period. Victory Capital Management Inc.’s holdings in Ducommun were worth $1,244,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased 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 purchasing an additional 6,869 shares during the last quarter. RDST Capital LLC grew its stake in Ducommun by 16.8% in the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after buying an additional 77,595 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Ducommun by 2.1% during the second quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company’s stock worth $13,004,000 after acquiring an additional 4,500 shares during the last quarter. Meros Investment Management LP lifted its position in 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 acquiring an additional 2,880 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Ducommun by 15.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after acquiring an additional 17,720 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Buying and Selling at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 8.80% of the company’s stock.

Ducommun Stock Down 1.2 %

NYSE DCO opened at $66.60 on Wednesday. The company has a market cap of $984.35 million, a price-to-earnings ratio of 33.47 and a beta of 1.39. Ducommun Incorporated has a 1-year low of $47.53 and a 1-year high of $70.04. 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 company has a 50 day moving average of $64.64 and a 200-day moving average of $61.97.

Wall Street Analysts Forecast Growth

DCO has been the topic of a number of recent research reports. Truist Financial increased their target price on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $73.00.

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.