Virtu Financial LLC Acquires New Stake in Ducommun Incorporated (NYSE:DCO)

Virtu Financial LLC bought a new position in shares of Ducommun Incorporated (NYSE:DCO) in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,101 shares of the aerospace company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCO. Point72 DIFC Ltd boosted its holdings in Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after purchasing an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ducommun during the 3rd quarter worth about $80,000. Eastern Bank acquired a new position in shares of Ducommun during the 3rd quarter worth about $118,000. Quantbot Technologies LP bought a new position in shares of Ducommun in the 3rd quarter valued at about $132,000. Finally, Arizona State Retirement System acquired a new stake in shares of Ducommun in the second quarter valued at about $202,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Down 4.7 %

Ducommun stock opened at $61.25 on Thursday. The stock has a 50-day simple moving average of $64.57 and a 200 day simple moving average of $62.71. The stock has a market capitalization of $905.21 million, a P/E ratio of 30.78 and a beta of 1.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. Ducommun Incorporated has a 52 week low of $47.53 and a 52 week high of $70.50.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Truist Financial increased their price objective on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a report on Friday, November 8th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ducommun presently has a consensus rating of “Buy” and an average price target of $73.00.

Insider Activity

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

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.