Gibson Capital LLC Invests $6.76 Million in Ducommun Incorporated (NYSE:DCO)

Gibson Capital LLC purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the 4th quarter, Holdings Channel reports. The fund purchased 106,229 shares of the aerospace company’s stock, valued at approximately $6,763,000. Ducommun makes up 1.4% of Gibson Capital LLC’s holdings, making the stock its 7th largest position.

Several other hedge funds have also recently bought and sold shares of the business. Central Pacific Bank Trust Division acquired a new stake in shares of Ducommun during the 4th quarter valued at $32,000. Venturi Wealth Management LLC raised its holdings in shares of Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock worth $46,000 after acquiring an additional 650 shares in the last quarter. Point72 DIFC Ltd boosted its position in Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock valued at $52,000 after purchasing an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ducommun in the third quarter valued at about $80,000. Finally, US Bancorp DE increased its position in Ducommun by 49.9% in the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock worth $84,000 after purchasing an additional 442 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Down 0.9 %

DCO opened at $57.95 on Tuesday. Ducommun Incorporated has a twelve month low of $48.21 and a twelve month 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 business has a 50 day moving average price of $62.54 and a 200 day moving average price of $63.82. The firm has a market cap of $861.25 million, a P/E ratio of 29.12 and a beta of 1.56.

Analyst Ratings Changes

Several brokerages recently commented on DCO. Royal Bank of Canada assumed coverage on Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price target for the company. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Finally, Truist Financial raised their price target on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th.

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.