GSA Capital Partners LLP Raises Stock Holdings in Ducommun Incorporated (NYSE:DCO)

GSA Capital Partners LLP boosted its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 14.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,598 shares of the aerospace company’s stock after purchasing an additional 2,570 shares during the quarter. GSA Capital Partners LLP owned approximately 0.14% of Ducommun worth $1,356,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Eastern Bank bought a new stake in shares of Ducommun in the third quarter worth $118,000. EntryPoint Capital LLC increased its position in shares of Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 1,914 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Ducommun in the 3rd quarter valued at about $213,000. Arizona State Retirement System bought a new position in shares of Ducommun during the second quarter worth about $202,000. Finally, State Board of Administration of Florida Retirement System acquired a new position in Ducommun in the first quarter worth about $274,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Trading Down 0.6 %

Shares of NYSE DCO opened at $67.73 on Thursday. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.04. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 34.12 and a beta of 1.39. The company has a current ratio of 3.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $64.02 and its 200 day simple moving average is $61.20.

Wall Street Analysts Forecast Growth

DCO has been the topic of several research reports. Truist Financial upped their price objective on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $73.00.

Insider Buying and Selling at Ducommun

In other 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 transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 8.80% of the stock is currently 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.