R Squared Ltd Purchases Shares of 1,360 Ducommun Incorporated (NYSE:DCO)

R Squared Ltd acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,360 shares of the aerospace company’s stock, valued at approximately $87,000.

A number of other large investors have also recently made changes to their positions in DCO. Central Pacific Bank Trust Division acquired a new stake in Ducommun during the 4th quarter worth about $32,000. Point72 DIFC Ltd lifted its holdings 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 purchasing an additional 674 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ducommun in the third quarter valued at approximately $80,000. Eastern Bank purchased a new position in Ducommun during the 3rd quarter worth approximately $118,000. Finally, Quantbot Technologies LP purchased a new position in Ducommun during the 3rd quarter worth approximately $132,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Up 0.1 %

Shares of Ducommun stock opened at $68.57 on Friday. Ducommun Incorporated has a fifty-two week low of $47.53 and a fifty-two week high of $70.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market cap of $1.01 billion, a P/E ratio of 34.45 and a beta of 1.42. The firm has a 50-day simple moving average of $65.16 and a two-hundred day simple moving average of $64.22.

Analyst Upgrades and Downgrades

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 note on Tuesday, November 12th. Royal Bank of Canada assumed coverage on Ducommun in a research report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target on the stock. Finally, Truist Financial boosted their price objective on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.50.

Insider Activity

In related news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the transaction, the director now directly owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.80% of the company’s stock.

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.