ARS Investment Partners LLC Makes New Investment in Ducommun Incorporated (NYSE:DCO)

ARS Investment Partners LLC purchased a new position in Ducommun Incorporated (NYSE:DCO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,210 shares of the aerospace company’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of DCO. Annex Advisory Services LLC grew its position in shares of Ducommun by 37.6% during the fourth quarter. Annex Advisory Services LLC now owns 37,411 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 10,228 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Ducommun by 49.7% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 16,736 shares of the aerospace company’s stock worth $1,065,000 after purchasing an additional 5,554 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in shares of Ducommun by 3.3% during the fourth quarter. Oliver Luxxe Assets LLC now owns 20,972 shares of the aerospace company’s stock worth $1,335,000 after purchasing an additional 668 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Ducommun during the fourth quarter worth about $32,000. Finally, Franklin Resources Inc. grew its position in shares of Ducommun by 13.4% during the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company’s stock worth $5,023,000 after purchasing an additional 9,187 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Robert C. Ducommun sold 1,000 shares of the firm’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 completion of the sale, the director now directly owns 409,900 shares of the company’s stock, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.80% of the company’s stock.

Ducommun Price Performance

NYSE:DCO opened at $68.30 on Tuesday. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.32 and a beta of 1.42. Ducommun Incorporated has a 1 year low of $47.53 and a 1 year high of $70.50. The business has a 50 day simple moving average of $64.86 and a 200-day simple moving average of $63.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

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.