Ducommun Incorporated (NYSE:DCO) Shares Sold by Foundry Partners LLC

Foundry Partners LLC lessened its stake in Ducommun Incorporated (NYSE:DCO) by 9.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 99,900 shares of the aerospace company’s stock after selling 9,943 shares during the quarter. Foundry Partners LLC’s holdings in Ducommun were worth $6,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DCO. Wellington Management Group LLP purchased a new stake in shares of Ducommun during the 3rd quarter worth approximately $8,990,000. Gibson Capital LLC purchased a new stake in Ducommun during the fourth quarter worth $6,763,000. Raymond James Financial Inc. acquired a new stake in Ducommun in the fourth quarter valued at $6,737,000. JPMorgan Chase & Co. increased its position in shares of Ducommun by 1,151.0% in the fourth quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company’s stock valued at $4,807,000 after buying an additional 69,473 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Ducommun during the 4th quarter worth $3,182,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Truist Financial increased their price objective on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada started coverage on shares of Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 27th.

Ducommun Price Performance

Ducommun stock opened at $56.18 on Friday. The stock has a market capitalization of $834.93 million, a P/E ratio of 28.23 and a beta of 1.56. Ducommun Incorporated has a 12-month low of $48.25 and a 12-month high of $70.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The firm’s 50-day moving average is $61.86 and its two-hundred day moving average is $63.69.

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.