Annex Advisory Services LLC Acquires 10,228 Shares of Ducommun Incorporated (NYSE:DCO)

Annex Advisory Services LLC grew its stake in shares of Ducommun Incorporated (NYSE:DCO) by 37.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 37,411 shares of the aerospace company’s stock after purchasing an additional 10,228 shares during the period. Annex Advisory Services LLC owned about 0.25% of Ducommun worth $2,382,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in Ducommun during the third quarter worth $8,990,000. RDST Capital LLC boosted its holdings 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 acquiring an additional 77,595 shares during the last quarter. Barclays PLC grew its stake in shares of Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after acquiring an additional 30,873 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Ducommun by 140.4% in the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock valued at $2,281,000 after purchasing an additional 20,240 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Ducommun by 15.7% during the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after purchasing an additional 17,720 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.6 %

Shares of DCO stock opened at $68.30 on Monday. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.01 billion, a P/E ratio of 34.32 and a beta of 1.42. The company has a 50 day moving average of $64.87 and a 200-day moving average of $63.68. Ducommun Incorporated has a 12-month low of $47.53 and a 12-month high of $70.50.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DCO shares. StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Truist Financial increased their price target on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada initiated coverage on Ducommun in a research report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective on the stock. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $76.50.

Insiders Place Their Bets

In related news, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction dated 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 owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.80% of the company’s stock.

Ducommun 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.