BNP Paribas Financial Markets Has $477,000 Stake in Ducommun Incorporated (NYSE:DCO)

BNP Paribas Financial Markets reduced its holdings in Ducommun Incorporated (NYSE:DCO) by 19.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,240 shares of the aerospace company’s stock after selling 1,729 shares during the quarter. BNP Paribas Financial Markets’ holdings in Ducommun were worth $477,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. RDST Capital LLC raised its position 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 purchasing an additional 77,595 shares during the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Ducommun by 2.1% in 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 buying an additional 4,500 shares during the last quarter. Meros Investment Management LP lifted its position in Ducommun by 1.4% during the 2nd quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company’s stock worth $11,986,000 after buying an additional 2,880 shares in the last quarter. Diamond Hill Capital Management Inc. grew 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 worth $8,583,000 after acquiring an additional 17,720 shares during the last quarter. Finally, Gabelli Funds LLC grew its holdings in Ducommun by 26.8% during the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock worth $4,583,000 after acquiring an additional 16,674 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Up 0.4 %

Shares of NYSE:DCO opened at $63.75 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 stock has a market cap of $942.23 million, a price-to-earnings ratio of 32.01 and a beta of 1.41. The company has a 50 day moving average of $64.60 and a 200-day moving average of $62.52. Ducommun Incorporated has a one year low of $47.53 and a one year high of $70.50.

Analyst Ratings Changes

DCO has been the topic of a number of research reports. StockNews.com upgraded 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 Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $73.00.

Insider Buying and Selling at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the sale, the director now directly owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen G. Oswald sold 1,200 shares of Ducommun stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 341,151 shares in the company, valued at $22,625,134.32. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.80% of the company’s stock.

About Ducommun

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.