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

Annex Advisory Services LLC boosted its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 37.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,411 shares of the aerospace company’s stock after buying an additional 10,228 shares during the period. Annex Advisory Services LLC’s holdings in Ducommun were worth $2,382,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Ducommun by 46.1% during the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after acquiring an additional 13,989 shares during the last quarter. Wellington Management Group LLP bought a new stake in Ducommun during the third quarter valued at approximately $8,990,000. Barclays PLC grew its stake in 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 buying an additional 30,873 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 20,240 shares during the last quarter. Finally, RDST Capital LLC raised its position in shares of Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after buying an additional 77,595 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Ducommun Stock Down 0.6 %

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

Insider Buying and Selling

In other 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 transaction of $69,500.00. Following the completion of the transaction, the director now directly owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.80% of the stock is owned by corporate insiders.

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.