Aberdeen Group plc Takes Position in Ducommun Incorporated $DCO

Aberdeen Group plc bought a new position in shares of Ducommun Incorporated (NYSE:DCO) in the third quarter, Holdings Channel reports. The firm bought 203,712 shares of the aerospace company’s stock, valued at approximately $19,035,000.

Other large investors also recently made changes to their positions in the company. Cornerstone Planning Group LLC boosted its holdings in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after buying an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. Traub Capital Management LLC acquired a new position in Ducommun during the second quarter valued at approximately $35,000. Financial Consulate Inc. acquired a new position in Ducommun during the third quarter valued at approximately $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Ducommun in the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DCO. The Goldman Sachs Group upped their price objective on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.00.

Ducommun Trading Down 1.0%

Shares of NYSE:DCO opened at $123.91 on Thursday. The company’s 50-day moving average price is $107.96 and its two-hundred day moving average price is $97.81. Ducommun Incorporated has a one year low of $51.76 and a one year high of $127.09. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. The stock has a market capitalization of $1.85 billion, a PE ratio of -52.95 and a beta of 1.05.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.90% of the stock is owned by corporate insiders.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.