Victory Capital Management Inc. Has $1.24 Million Stake in Ducommun Incorporated (NYSE:DCO)

Victory Capital Management Inc. lifted its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,900 shares of the aerospace company’s stock after purchasing an additional 300 shares during the quarter. Victory Capital Management Inc. owned 0.13% of Ducommun worth $1,244,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. RDST Capital LLC increased its stake in Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after purchasing an additional 77,595 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Ducommun by 70.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after acquiring an additional 46,544 shares during the period. Gabelli Funds LLC raised its holdings in shares of Ducommun by 26.8% during the second quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock worth $4,583,000 after acquiring an additional 16,674 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Ducommun in the 2nd quarter valued at $774,000. Finally, Easterly Investment Partners LLC acquired a new position in Ducommun in the 2nd quarter worth $656,000. Institutional investors own 92.15% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Stephen G. Oswald sold 1,200 shares of Ducommun 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 owns 341,151 shares of the company’s stock, valued at $22,625,134.32. This trade represents a 0.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 8.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DCO. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Finally, Truist Financial upped their price target on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $73.00.

Ducommun Price Performance

NYSE:DCO opened at $66.60 on Wednesday. Ducommun Incorporated has a 52-week low of $47.53 and a 52-week high of $70.04. The company has a market cap of $984.35 million, a P/E ratio of 33.47 and a beta of 1.39. 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 stock’s 50-day simple moving average is $64.64 and its 200 day simple moving average is $61.97.

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.