Diamond Hill Capital Management Inc. Raises Stake in Ducommun Incorporated (NYSE:DCO)

Diamond Hill Capital Management Inc. boosted its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 15.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 130,384 shares of the aerospace company’s stock after purchasing an additional 17,720 shares during the period. Diamond Hill Capital Management Inc.’s holdings in Ducommun were worth $8,583,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Eastern Bank purchased a new stake in shares of Ducommun in the third quarter valued at about $118,000. EntryPoint Capital LLC boosted its holdings in shares of Ducommun by 323.9% in the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 1,914 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ducommun in the third quarter valued at about $213,000. Arizona State Retirement System purchased a new stake in shares of Ducommun in the second quarter valued at about $202,000. Finally, State Board of Administration of Florida Retirement System purchased a new stake in shares of Ducommun in the first quarter valued at about $274,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Up 1.4 %

DCO stock opened at $69.00 on Tuesday. The company has a market cap of $1.02 billion, a P/E ratio of 34.62 and a beta of 1.39. Ducommun Incorporated has a 52 week low of $47.27 and a 52 week high of $70.04. The company’s 50-day moving average price is $63.84 and its 200 day moving average price is $61.00. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

DCO has been the topic of several analyst reports. Truist Financial lifted their target price on shares of Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $73.00.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of Ducommun 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. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by company insiders.

Ducommun 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.