Van ECK Associates Corp Grows Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Van ECK Associates Corp grew its holdings in Ducommun Incorporated (NYSE:DCO) by 216.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,950 shares of the aerospace company’s stock after acquiring an additional 14,334 shares during the period. Van ECK Associates Corp owned about 0.14% of Ducommun worth $1,334,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Ducommun in the 4th quarter valued at $32,000. Point72 DIFC Ltd boosted its holdings in Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after buying an additional 674 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ducommun during the third quarter worth $80,000. R Squared Ltd purchased a new stake in Ducommun during the fourth quarter worth $87,000. Finally, Eastern Bank purchased a new stake in Ducommun during the third quarter worth $118,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DCO has been the topic of a number of recent analyst reports. Royal Bank of Canada initiated coverage on shares of Ducommun in a report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target on the stock. Truist Financial increased their price target on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

Ducommun Stock Performance

NYSE:DCO opened at $61.34 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a fifty day moving average of $65.21 and a two-hundred day moving average of $64.59. The stock has a market capitalization of $906.62 million, a PE ratio of 30.82 and a beta of 1.40. Ducommun Incorporated has a fifty-two week low of $47.53 and a fifty-two week high of $70.50.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction on 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 directly 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 legal filing with the SEC, which is accessible through this hyperlink. 8.80% of the stock is currently owned by company insiders.

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.