UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.22 Million Position in Ducommun Incorporated (NYSE:DCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its holdings in Ducommun Incorporated (NYSE:DCO) by 20.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,590 shares of the aerospace company’s stock after selling 4,638 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Ducommun worth $1,224,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DCO. Eastern Bank bought a new stake in shares of Ducommun during the third quarter worth $118,000. Quantbot Technologies LP bought a new stake in Ducommun during the 3rd quarter worth $132,000. Arizona State Retirement System acquired a new position in Ducommun in the 2nd quarter worth about $202,000. SG Americas Securities LLC acquired a new stake in shares of Ducommun during the third quarter valued at about $213,000. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Ducommun during the second quarter worth about $305,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Ducommun Stock Performance

Shares of DCO opened at $64.15 on Wednesday. The firm has a market capitalization of $948.07 million, a P/E ratio of 32.45 and a beta of 1.41. Ducommun Incorporated has a 52 week low of $47.53 and a 52 week high of $70.50. The stock has a 50 day moving average price of $64.58 and a two-hundred day moving average price of $62.68. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Insider Activity at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were 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 approximately $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 sale, the chief executive officer now directly owns 341,151 shares in the company, valued at approximately $22,625,134.32. This trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.80% of the stock is owned by 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.