ARS Investment Partners LLC Purchases New Shares in Ducommun Incorporated (NYSE:DCO)

ARS Investment Partners LLC purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,210 shares of the aerospace company’s stock, valued at approximately $204,000.

Several other hedge funds also recently made changes to their positions in the company. Inspire Investing LLC boosted its position in shares of Ducommun by 3.3% during the third quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 201 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Ducommun by 1.6% in the third quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock worth $1,244,000 after acquiring an additional 300 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in Ducommun by 1.1% in the third quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock worth $1,868,000 after acquiring an additional 319 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Ducommun in the fourth quarter worth $32,000. Finally, Oliver Luxxe Assets LLC boosted its holdings in Ducommun by 3.3% in the fourth quarter. Oliver Luxxe Assets LLC now owns 20,972 shares of the aerospace company’s stock worth $1,335,000 after acquiring an additional 668 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Trading Down 0.6 %

Shares of NYSE:DCO opened at $68.30 on Tuesday. The company has a market cap of $1.01 billion, a P/E ratio of 34.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 1 year low of $47.53 and a 1 year high of $70.50. The stock’s fifty day moving average price is $64.86 and its 200-day moving average price is $63.75.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DCO shares. Truist Financial boosted their target price on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada started coverage on Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $76.50.

Insider Activity at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares in the company, valued at approximately $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.80% of the stock is owned by company insiders.

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.