Virtu Financial LLC Purchases New Shares in Ducommun Incorporated (NYSE:DCO)

Virtu Financial LLC acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,101 shares of the aerospace company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCO. Inspire Investing LLC grew its stake in shares of Ducommun by 3.3% during the third quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 201 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Ducommun by 1.6% during the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock worth $1,244,000 after buying an additional 300 shares in the last quarter. Pathstone Holdings LLC boosted its position in Ducommun by 1.1% in the 3rd quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after buying an additional 319 shares during the last quarter. Point72 DIFC Ltd increased its stake in shares of Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock valued at $52,000 after buying an additional 674 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Ducommun by 4.7% during the second quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock worth $1,390,000 after acquiring an additional 1,067 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Stock Performance

Shares of NYSE:DCO opened at $61.25 on Thursday. The company has a market capitalization of $905.21 million, a price-to-earnings ratio of 30.78 and a beta of 1.41. The firm’s 50 day simple moving average is $64.57 and its 200 day simple moving average is $62.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a fifty-two week low of $47.53 and a fifty-two week high of $70.50.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Truist Financial raised their price target on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 8th. StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $73.00.

Insiders Place Their Bets

In related news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction 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 sale, the director now owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. The trade was a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.

About Ducommun

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.