Point72 DIFC Ltd Grows Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Point72 DIFC Ltd lifted its position in shares of Ducommun Incorporated (NYSE:DCO) by 591.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 788 shares of the aerospace company’s stock after purchasing an additional 674 shares during the period. Point72 DIFC Ltd’s holdings in Ducommun were worth $52,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ducommun in the 3rd quarter worth approximately $80,000. Eastern Bank bought a new position in shares of Ducommun during the third quarter valued at approximately $118,000. Quantbot Technologies LP purchased a new stake in Ducommun in the third quarter worth $132,000. Arizona State Retirement System bought a new stake in Ducommun in the second quarter valued at $202,000. Finally, SG Americas Securities LLC purchased a new position in Ducommun during the 3rd quarter valued at $213,000. 92.15% of the stock is owned by institutional investors.

Insider Transactions at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the transaction, the director now owns 409,900 shares in the company, valued at $28,488,050. The trade was a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Oswald sold 1,200 shares of the firm’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total transaction of $79,584.00. Following the sale, the chief executive officer now owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DCO shares. Truist Financial lifted their target price on shares of Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and upped their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ducommun currently has a consensus rating of “Buy” and a consensus price target of $73.00.

Ducommun Trading Down 4.3 %

NYSE:DCO opened at $60.94 on Tuesday. The firm has a market capitalization of $900.69 million, a P/E ratio of 30.62 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a one year low of $47.53 and a one year high of $70.50. The company’s 50-day simple moving average is $64.71 and its 200 day simple moving average is $62.47.

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.