106,229 Shares in Ducommun Incorporated (NYSE:DCO) Purchased by Gibson Capital LLC

Gibson Capital LLC acquired a new stake in Ducommun Incorporated (NYSE:DCO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 106,229 shares of the aerospace company’s stock, valued at approximately $6,763,000. Ducommun comprises about 1.4% of Gibson Capital LLC’s investment portfolio, making the stock its 7th biggest holding. Gibson Capital LLC owned about 0.72% of Ducommun at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its stake in Ducommun by 46.1% during 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. Quantbot Technologies LP acquired a new position in shares of Ducommun during the third quarter valued at approximately $132,000. Martingale Asset Management L P raised its holdings in Ducommun by 23.5% during the third quarter. Martingale Asset Management L P now owns 22,278 shares of the aerospace company’s stock worth $1,467,000 after purchasing an additional 4,234 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Ducommun in the third quarter worth approximately $80,000. Finally, Point72 DIFC Ltd boosted its stake in Ducommun by 591.2% during the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock valued at $52,000 after purchasing an additional 674 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DCO. Royal Bank of Canada initiated coverage on Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. StockNews.com upgraded 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 objective on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th.

Ducommun Stock Performance

DCO opened at $57.95 on Tuesday. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $861.25 million, a PE ratio of 29.12 and a beta of 1.56. The business has a fifty day simple moving average of $62.54 and a 200-day simple moving average of $63.82. Ducommun Incorporated has a fifty-two week low of $48.21 and a fifty-two week high of $70.50.

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.