New York State Common Retirement Fund Purchases 4,932 Shares of Ducommun Incorporated (NYSE:DCO)

New York State Common Retirement Fund lifted its stake in Ducommun Incorporated (NYSE:DCO) by 44.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,014 shares of the aerospace company’s stock after acquiring an additional 4,932 shares during the quarter. New York State Common Retirement Fund owned approximately 0.11% of Ducommun worth $1,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock valued at $20,458,000 after acquiring an additional 1,610 shares during the last quarter. Wellington Management Group LLP acquired a new stake in shares of Ducommun in the third quarter valued at about $8,990,000. Diamond Hill Capital Management Inc. increased its position in shares of Ducommun by 15.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock valued at $8,583,000 after acquiring an additional 17,720 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Ducommun by 13.4% in the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company’s stock valued at $5,023,000 after acquiring an additional 9,187 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its position in shares of Ducommun by 21.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 61,418 shares of the aerospace company’s stock valued at $3,910,000 after acquiring an additional 10,746 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Down 1.4 %

Shares of NYSE:DCO opened at $57.82 on Tuesday. Ducommun Incorporated has a 12-month low of $47.87 and a 12-month high of $70.50. The stock has a market cap of $854.52 million, a PE ratio of 29.06 and a beta of 1.40. The business has a 50 day moving average of $64.81 and a 200-day moving average of $64.54. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

A number of brokerages have weighed in on DCO. Truist Financial boosted their price target on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. StockNews.com downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada started coverage on Ducommun in a report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company.

Insider Transactions at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the sale, the director now directly owns 409,900 shares in the company, valued at approximately $28,488,050. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 8.80% of the company’s stock.

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.