Martingale Asset Management L P Raises Stake in Ducommun Incorporated (NYSE:DCO)

Martingale Asset Management L P boosted its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 23.5% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 22,278 shares of the aerospace company’s stock after purchasing an additional 4,234 shares during the quarter. Martingale Asset Management L P’s holdings in Ducommun were worth $1,467,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. RDST Capital LLC raised its holdings in shares of Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after purchasing an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Ducommun by 70.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after purchasing an additional 46,544 shares during the period. Gabelli Funds LLC raised its stake in shares of Ducommun by 26.8% during the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock valued at $4,583,000 after buying an additional 16,674 shares during the last quarter. FMR LLC lifted its holdings in shares of Ducommun by 46.1% in the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after buying an additional 13,989 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ducommun in the second quarter worth about $774,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DCO has been the subject of several recent research reports. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and lifted their target price for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, Truist Financial increased their price target on shares of Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $73.00.

Ducommun Stock Performance

Shares of DCO stock opened at $67.00 on Monday. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $990.26 million, a P/E ratio of 33.67 and a beta of 1.39. The business’s 50 day moving average is $64.68 and its two-hundred day moving average is $62.16. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.04.

Insider Activity

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the transaction, the chief executive officer now directly owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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.