Foundry Partners LLC Boosts Holdings in Ducommun Incorporated (NYSE:DCO)

Foundry Partners LLC boosted its position in Ducommun Incorporated (NYSE:DCOFree Report) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,670 shares of the aerospace company’s stock after acquiring an additional 12,101 shares during the period. Foundry Partners LLC owned 0.91% of Ducommun worth $5,772,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Credit Suisse AG grew its holdings in Ducommun by 2.5% in the 3rd quarter. Credit Suisse AG now owns 7,760 shares of the aerospace company’s stock worth $307,000 after acquiring an additional 191 shares during the last quarter. Covestor Ltd grew its holdings in Ducommun by 45.5% in the 2nd quarter. Covestor Ltd now owns 809 shares of the aerospace company’s stock worth $35,000 after acquiring an additional 253 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Ducommun by 116.9% in the 1st 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 during the last quarter. Citigroup Inc. lifted its position in shares of Ducommun by 18.7% in the 1st quarter. Citigroup Inc. now owns 2,561 shares of the aerospace company’s stock worth $140,000 after purchasing an additional 403 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Ducommun by 0.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 54,294 shares of the aerospace company’s stock worth $2,845,000 after purchasing an additional 469 shares during the period. Institutional investors own 85.89% of the company’s stock.

Ducommun Trading Up 1.5 %

Shares of NYSE DCO opened at $50.99 on Tuesday. Ducommun Incorporated has a 1 year low of $40.24 and a 1 year high of $58.28. The stock has a market cap of $744.38 million, a P/E ratio of 34.92 and a beta of 1.30. The firm has a 50-day moving average of $50.79 and a 200 day moving average of $47.84. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.93 and a quick ratio of 1.80.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DCO. Truist Financial raised their target price on shares of Ducommun from $62.00 to $69.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Royal Bank of Canada raised their target price on shares of Ducommun from $56.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.60.

Get Our Latest Analysis on Ducommun

Insiders Place Their Bets

In other Ducommun 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 directly owns 59,064 shares of the company’s stock, valued at $3,089,637.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 10.80% of the company’s stock.

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

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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