Ducommun Incorporated (DCO) Stake Reduced by Bragg Financial Advisors Inc

Bragg Financial Advisors Inc lowered its position in shares of Ducommun Incorporated (NYSE:DCO) by 11.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,600 shares of the aerospace company’s stock after selling 6,326 shares during the period. Bragg Financial Advisors Inc owned 0.42% of Ducommun worth $1,370,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in DCO. Envestnet Asset Management Inc. raised its position in Ducommun by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock worth $104,000 after buying an additional 488 shares during the period. O Shaughnessy Asset Management LLC bought a new stake in shares of Ducommun during the first quarter worth about $177,000. American International Group Inc. increased its stake in shares of Ducommun by 7.1% in the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after buying an additional 422 shares in the last quarter. A.R.T. Advisors LLC bought a new stake in shares of Ducommun during the fourth quarter worth about $237,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Ducommun during the fourth quarter worth about $318,000. 82.10% of the stock is owned by institutional investors and hedge funds.

Ducommun Incorporated (NYSE DCO) traded up 0.12% during trading on Wednesday, reaching $32.56. The company’s stock had a trading volume of 20,771 shares. Ducommun Incorporated has a 1-year low of $18.70 and a 1-year high of $35.58. The stock has a market capitalization of $366.92 million, a PE ratio of 26.84 and a beta of 0.92. The stock has a 50 day moving average price of $31.99 and a 200 day moving average price of $29.74.

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A number of brokerages recently issued reports on DCO. Noble Financial restated a “hold” rating on shares of Ducommun in a research report on Saturday, May 20th. B. Riley upgraded Ducommun to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, May 10th. Canaccord Genuity reiterated a “buy” rating and set a $35.00 target price on shares of Ducommun in a research report on Tuesday, April 11th. Finally, Zacks Investment Research upgraded Ducommun from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $35.25.

In other news, Director Robert C. Ducommun sold 900 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $33.01, for a total transaction of $29,709.00. Following the completion of the transaction, the director now directly owns 421,600 shares of the company’s stock, valued at $13,917,016. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher D. Wampler sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $32.01, for a total value of $48,015.00. Following the transaction, the vice president now directly owns 9,514 shares of the company’s stock, valued at $304,543.14. The disclosure for this sale can be found here. Insiders have sold 9,000 shares of company stock valued at $289,784 over the last ninety days. Corporate insiders own 8.20% of the company’s stock.

About Ducommun

Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.

Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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