Phocas Financial Corp. Sells 3,169 Shares of Ducommun Incorporated (NYSE:DCO)

Phocas Financial Corp. lessened its stake in shares of Ducommun Incorporated (NYSE:DCO) by 5.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 51,363 shares of the aerospace company’s stock after selling 3,169 shares during the quarter. Phocas Financial Corp.’s holdings in Ducommun were worth $3,381,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in Ducommun by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after acquiring an additional 584 shares during the period. State Board of Administration of Florida Retirement System bought a new position in shares of Ducommun in the first quarter worth about $274,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Ducommun by 2.3% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock valued at $1,274,000 after purchasing an additional 553 shares during the period. Vanguard Group Inc. boosted its stake in Ducommun by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after purchasing an additional 6,869 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after buying an additional 1,914 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Truist Financial boosted their price target on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $73.00.

Ducommun Price Performance

Shares of DCO stock opened at $66.33 on Tuesday. Ducommun Incorporated has a 52 week low of $47.53 and a 52 week high of $70.04. The stock has a market capitalization of $980.36 million, a PE ratio of 33.33 and a beta of 1.39. 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 stock’s fifty day moving average is $64.33 and its 200-day moving average is $61.48.

Insider Buying and Selling

In related 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 value of $79,584.00. Following the completion of the sale, the chief executive officer now owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.80% of the company’s stock.

Ducommun Company 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.