Central Pacific Bank Trust Division Invests $32,000 in Ducommun Incorporated (NYSE:DCO)

Central Pacific Bank Trust Division acquired a new stake in Ducommun Incorporated (NYSE:DCO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 500 shares of the aerospace company’s stock, valued at approximately $32,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in shares of Ducommun by 11.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 50,875 shares of the aerospace company’s stock worth $2,954,000 after acquiring an additional 5,359 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in Ducommun by 4.6% during the second quarter. Commonwealth Equity Services LLC now owns 45,679 shares of the aerospace company’s stock worth $2,652,000 after purchasing an additional 2,000 shares during the period. Rhumbline Advisers grew its holdings in Ducommun by 4.7% during the second quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 1,067 shares during the last quarter. Arizona State Retirement System acquired a new stake in shares of Ducommun in the second quarter worth $202,000. Finally, Levin Capital Strategies L.P. bought a new stake in shares of Ducommun during the 2nd quarter worth $305,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Price Performance

Shares of DCO stock opened at $64.01 on Monday. Ducommun Incorporated has a 12 month low of $47.53 and a 12 month high of $70.50. The company has a market capitalization of $946.00 million, a P/E ratio of 32.17 and a beta of 1.41. The stock has a 50 day moving average of $64.22 and a two-hundred day moving average of $63.06. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

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 value of $69,500.00. Following the completion of the transaction, the director now owns 409,900 shares of the company’s stock, valued at $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DCO shares. Truist Financial lifted their target price on shares of Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada started coverage on Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock. Finally, StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $76.00.

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.