Phocas Financial Corp. Has $859,000 Stock Position in Ducommun Incorporated (NYSE:DCO)

Phocas Financial Corp. cut its position in Ducommun Incorporated (NYSE:DCO) by 73.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,486 shares of the aerospace company’s stock after selling 37,877 shares during the quarter. Phocas Financial Corp. owned approximately 0.09% of Ducommun worth $859,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Wellington Management Group LLP acquired a new stake in shares of Ducommun in the third quarter valued at about $8,990,000. Barclays PLC grew its holdings in Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after buying an additional 30,873 shares during the last quarter. Jane Street Group LLC increased its position in Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 20,240 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Ducommun by 15.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after buying an additional 17,720 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Ducommun by 216.7% in the fourth quarter. Van ECK Associates Corp now owns 20,950 shares of the aerospace company’s stock valued at $1,334,000 after acquiring an additional 14,334 shares during the period. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank of Canada started coverage on shares of Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 target price for the company. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Truist Financial lifted their target price on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

Insiders Place Their Bets

In related news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the transaction, the director now owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.80% of the company’s stock.

Ducommun Trading Up 0.4 %

Shares of DCO stock opened at $61.16 on Wednesday. The firm has a fifty day moving average of $65.09 and a 200-day moving average of $64.68. The stock has a market cap of $903.87 million, a price-to-earnings ratio of 30.73 and a beta of 1.40. Ducommun Incorporated has a 52-week low of $47.53 and a 52-week high of $70.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

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.