Eagle Asset Management Inc. Has $4.72 Million Position in Ducommun Incorporated (NYSE:DCO)

Eagle Asset Management Inc. reduced its position in shares of Ducommun Incorporated (NYSE:DCO) by 27.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,254 shares of the aerospace company’s stock after selling 26,418 shares during the quarter. Eagle Asset Management Inc.’s holdings in Ducommun were worth $4,715,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of Ducommun in the third quarter worth $118,000. SG Americas Securities LLC acquired a new position in shares of Ducommun in the third quarter worth $213,000. Arizona State Retirement System acquired a new position in shares of Ducommun in the second quarter worth $202,000. State Board of Administration of Florida Retirement System acquired a new position in shares of Ducommun in the first quarter worth $274,000. Finally, Levin Capital Strategies L.P. acquired a new position in shares of Ducommun in the second quarter worth $305,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Trading Up 1.7 %

Shares of NYSE:DCO opened at $66.28 on Monday. The stock has a market capitalization of $979.55 million, a PE ratio of 33.31 and a beta of 1.39. Ducommun Incorporated has a 1 year low of $47.53 and a 1 year high of $70.04. The firm has a fifty day moving average price of $64.54 and a 200 day moving average price of $61.79. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 341,151 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 8.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, Truist Financial upped their price objective 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 research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $73.00.

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.