State Street Corp Lowers Position in Ducommun Incorporated (NYSE:DCO)

State Street Corp decreased its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 482,075 shares of the aerospace company’s stock after selling 75,280 shares during the quarter. State Street Corp’s holdings in Ducommun were worth $31,735,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Point72 DIFC Ltd grew its position in Ducommun by 591.2% in 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ducommun during the third quarter worth about $80,000. Eastern Bank purchased a new position in shares of Ducommun in the 3rd quarter worth about $118,000. Quantbot Technologies LP bought a new position in shares of Ducommun during the 3rd quarter valued at about $132,000. Finally, Arizona State Retirement System bought a new position in shares of Ducommun during the 2nd quarter valued at about $202,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

DCO has been the subject of a number of recent research reports. Truist Financial boosted their target price on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four research 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.com, the stock presently has a consensus rating of “Buy” and an average price target of $73.00.

Ducommun Trading Up 1.1 %

NYSE DCO opened at $61.89 on Friday. The firm has a market cap of $914.67 million, a PE ratio of 31.10 and a beta of 1.41. Ducommun Incorporated has a 1-year low of $47.53 and a 1-year high of $70.50. The stock has a 50-day moving average of $64.48 and a 200-day moving average of $62.75. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the sale, 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 filing with the SEC, which is available at the SEC website. 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.