State Street Corp lifted its stake in Ducommun Incorporated (NYSE:DCO) by 9.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 191,241 shares of the aerospace company’s stock after buying an additional 16,194 shares during the period. State Street Corp owned approximately 1.69% of Ducommun worth $6,039,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alliancebernstein L.P. purchased a new position in Ducommun during the 2nd quarter valued at about $221,000. Municipal Employees Retirement System of Michigan purchased a new position in Ducommun during the 2nd quarter valued at about $496,000. Citadel Advisors LLC purchased a new position in Ducommun during the 2nd quarter valued at about $531,000. Teachers Advisors LLC increased its holdings in Ducommun by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 19,905 shares of the aerospace company’s stock valued at $629,000 after purchasing an additional 101 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in Ducommun by 32.2% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 24,200 shares of the aerospace company’s stock valued at $765,000 after purchasing an additional 5,900 shares during the period. Hedge funds and other institutional investors own 81.64% of the company’s stock.
Ducommun Incorporated (NYSE DCO) opened at $27.68 on Monday. Ducommun Incorporated has a twelve month low of $24.23 and a twelve month high of $35.58. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of $313.56, a P/E ratio of 20.20 and a beta of 0.81.
In other Ducommun news, Director Anthony J. Reardon sold 4,198 shares of the company’s stock in a transaction that occurred on Friday, September 22nd. The stock was sold at an average price of $31.03, for a total transaction of $130,263.94. Following the transaction, the director now owns 92,555 shares in the company, valued at approximately $2,871,981.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Anthony J. Reardon sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $26.04, for a total value of $781,200.00. Following the transaction, the director now owns 82,603 shares in the company, valued at approximately $2,150,982.12. The disclosure for this sale can be found here. Insiders have sold a total of 58,724 shares of company stock worth $1,632,380 in the last quarter. Company insiders own 8.20% of the company’s stock.
DCO has been the topic of a number of research analyst reports. B. Riley restated a “buy” rating and set a $40.00 price target on shares of Ducommun in a report on Sunday, August 6th. Zacks Investment Research downgraded Ducommun from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Monday, September 11th. Canaccord Genuity reiterated a “buy” rating and set a $36.00 target price on shares of Ducommun in a report on Tuesday, September 12th. Finally, Sidoti downgraded Ducommun from a “buy” rating to a “neutral” rating in a report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Ducommun currently has a consensus rating of “Hold” and a consensus price target of $36.80.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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