Gamco Investors INC. ET AL Sells 1,264 Shares of Ducommun Incorporated (NYSE:DCO)

Gamco Investors INC. ET AL reduced its holdings in Ducommun Incorporated (NYSE:DCOFree Report) by 0.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 387,336 shares of the aerospace company’s stock after selling 1,264 shares during the period. Gamco Investors INC. ET AL’s holdings in Ducommun were worth $16,853,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Pinebridge Investments L.P. bought a new stake in shares of Ducommun in the 2nd quarter valued at $27,000. Lazard Asset Management LLC bought a new stake in shares of Ducommun in the 1st quarter valued at $34,000. Covestor Ltd boosted its stake in shares of Ducommun by 45.5% in the 2nd quarter. Covestor Ltd now owns 809 shares of the aerospace company’s stock valued at $35,000 after purchasing an additional 253 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Ducommun by 116.9% during the first quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 353 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Ducommun by 18.7% during the first quarter. Citigroup Inc. now owns 2,561 shares of the aerospace company’s stock worth $140,000 after acquiring an additional 403 shares in the last quarter. 85.89% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Performance

Shares of DCO stock opened at $48.97 on Tuesday. The firm has a 50-day moving average of $50.87 and a 200-day moving average of $47.80. The company has a market cap of $714.96 million, a P/E ratio of 33.54 and a beta of 1.30. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.93 and a quick ratio of 1.80. Ducommun Incorporated has a one year low of $40.24 and a one year high of $58.28.

Ducommun (NYSE:DCOGet Free Report) last announced its earnings results on Wednesday, November 8th. The aerospace company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.54 by $0.16. The company had revenue of $196.25 million during the quarter, compared to the consensus estimate of $195.64 million. Ducommun had a net margin of 2.51% and a return on equity of 6.25%. Equities research analysts forecast that Ducommun Incorporated will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, VP Jerry L. Redondo sold 1,559 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $52.31, for a total transaction of $81,551.29. Following the completion of the sale, the vice president now owns 59,064 shares in the company, valued at $3,089,637.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, VP Jerry L. Redondo sold 1,559 shares of Ducommun stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $52.31, for a total value of $81,551.29. Following the completion of the transaction, the vice president now owns 59,064 shares in the company, valued at $3,089,637.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerry L. Redondo sold 1,538 shares of Ducommun stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $47.54, for a total transaction of $73,116.52. Following the completion of the transaction, the vice president now owns 60,623 shares of the company’s stock, valued at approximately $2,882,017.42. The disclosure for this sale can be found here. 10.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada increased their target price on shares of Ducommun from $56.00 to $60.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Truist Financial increased their target price on shares of Ducommun from $62.00 to $69.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $63.60.

Read Our Latest Report on DCO

Ducommun Profile

(Free Report)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to 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; higher-level 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.

See Also

Want to see what other hedge funds are holding DCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ducommun Incorporated (NYSE:DCOFree Report).

Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.