KLP Kapitalforvaltning AS Buys Shares of 2,300 Ducommun Incorporated (NYSE:DCO)

KLP Kapitalforvaltning AS purchased a new position in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,300 shares of the aerospace company’s stock, valued at approximately $146,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in Ducommun during the fourth quarter worth about $32,000. Venturi Wealth Management LLC boosted its position in Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE increased its holdings in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock valued at $84,000 after acquiring an additional 442 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Ducommun in the fourth quarter valued at approximately $87,000. Finally, PNC Financial Services Group Inc. increased its stake in shares of Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock worth $146,000 after purchasing an additional 261 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Trading Up 7.9 %

NYSE DCO opened at $57.73 on Thursday. Ducommun Incorporated has a 12 month low of $51.39 and a 12 month high of $70.50. The company has a 50-day moving average of $60.24 and a 200-day moving average of $63.27. The company has a market cap of $858.06 million, a P/E ratio of 29.01 and a beta of 1.27. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

Analysts Set New Price Targets

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

About Ducommun

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.