Ingalls & Snyder LLC Lowers Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Ingalls & Snyder LLC trimmed its position in shares of Ducommun Incorporated (NYSE:DCO) by 8.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,842 shares of the aerospace company’s stock after selling 6,538 shares during the quarter. Ingalls & Snyder LLC owned 0.50% of Ducommun worth $4,701,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Inspire Investing LLC boosted its holdings in Ducommun by 3.3% during the 3rd quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock valued at $414,000 after acquiring an additional 201 shares during the period. Victory Capital Management Inc. boosted its holdings in Ducommun by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock valued at $1,244,000 after acquiring an additional 300 shares during the period. Pathstone Holdings LLC boosted its stake in shares of Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after buying an additional 319 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Ducommun in the 4th quarter valued at about $32,000. Finally, Oliver Luxxe Assets LLC boosted its stake in shares of Ducommun by 3.3% in the 4th quarter. Oliver Luxxe Assets LLC now owns 20,972 shares of the aerospace company’s stock valued at $1,335,000 after buying an additional 668 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on DCO shares. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Royal Bank of Canada started coverage on Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective for the company. Finally, Truist Financial lifted their price objective on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ducommun has a consensus rating of “Buy” and an average price target of $76.50.

Ducommun Trading Down 3.0 %

DCO opened at $64.64 on Thursday. The firm has a market cap of $955.38 million, a price-to-earnings ratio of 32.48 and a beta of 1.40. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The business’s 50 day moving average is $65.40 and its two-hundred day moving average is $64.60. Ducommun Incorporated has a 52 week low of $47.53 and a 52 week high of $70.50.

Insider Activity

In other 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 value of $69,500.00. Following the transaction, the director now owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate 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.