Truist Financial Corp Lowers Position in Ducommun Incorporated (NYSE:DCO)

Truist Financial Corp trimmed its stake in Ducommun Incorporated (NYSE:DCOGet Rating) by 71.2% in the third quarter, Holdings Channel.com reports. The firm owned 18,009 shares of the aerospace company’s stock after selling 44,471 shares during the quarter. Truist Financial Corp’s holdings in Ducommun were worth $714,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DCO. BlackRock Inc. lifted its position in Ducommun by 3.6% during the first quarter. BlackRock Inc. now owns 839,094 shares of the aerospace company’s stock valued at $43,960,000 after buying an additional 28,819 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its position in Ducommun by 0.7% during the third quarter. Paradigm Capital Management Inc. NY now owns 740,048 shares of the aerospace company’s stock valued at $29,350,000 after buying an additional 5,095 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Ducommun by 39.3% during the second quarter. Goldman Sachs Group Inc. now owns 675,475 shares of the aerospace company’s stock valued at $29,072,000 after buying an additional 190,608 shares in the last quarter. Gamco Investors INC. ET AL lifted its position in Ducommun by 1.3% during the second quarter. Gamco Investors INC. ET AL now owns 361,726 shares of the aerospace company’s stock valued at $15,569,000 after buying an additional 4,550 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Ducommun by 4.4% during the second quarter. Deutsche Bank AG now owns 337,396 shares of the aerospace company’s stock valued at $14,521,000 after buying an additional 14,070 shares in the last quarter. 83.61% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Up 0.2 %

DCO opened at $54.12 on Friday. The stock has a market capitalization of $654.96 million, a PE ratio of 5.04 and a beta of 1.28. The firm’s fifty day moving average price is $50.85 and its 200 day moving average price is $46.88. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.75 and a quick ratio of 1.80. Ducommun Incorporated has a 12-month low of $38.89 and a 12-month high of $58.18.

Ducommun (NYSE:DCOGet Rating) last posted its quarterly earnings results on Monday, November 7th. The aerospace company reported $0.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.06. The firm had revenue of $186.59 million for the quarter, compared to analysts’ expectations of $179.57 million. Ducommun had a net margin of 19.09% and a return on equity of 7.98%. During the same period in the prior year, the company posted $0.83 earnings per share. As a group, research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Insider Activity at Ducommun

In other news, CEO Stephen G. Oswald sold 2,000 shares of Ducommun stock in a transaction dated Wednesday, November 9th. The shares were sold at an average price of $50.38, for a total value of $100,760.00. Following the completion of the transaction, the chief executive officer now directly owns 270,540 shares of the company’s stock, valued at approximately $13,629,805.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Ducommun news, CFO Christopher D. Wampler sold 900 shares of the firm’s stock in a transaction dated Wednesday, December 14th. The shares were sold at an average price of $49.77, for a total value of $44,793.00. Following the transaction, the chief financial officer now owns 21,870 shares of the company’s stock, valued at $1,088,469.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen G. Oswald sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The stock was sold at an average price of $50.38, for a total transaction of $100,760.00. Following the completion of the transaction, the chief executive officer now directly owns 270,540 shares in the company, valued at approximately $13,629,805.20. The disclosure for this sale can be found here. Insiders have sold 5,400 shares of company stock valued at $265,628 over the last ninety days. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Ducommun from $58.00 to $66.00 in a research report on Monday, January 9th. Royal Bank of Canada reduced their target price on shares of Ducommun from $62.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, December 9th. Finally, StockNews.com assumed coverage on shares of Ducommun in a research report on Wednesday, October 12th. They set a “buy” rating on the stock.

Ducommun Company Profile

(Get Rating)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, 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.

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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