Aberdeen Group plc Invests $19.04 Million in Ducommun Incorporated $DCO

Aberdeen Group plc purchased a new position in shares of Ducommun Incorporated (NYSE:DCO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 203,712 shares of the aerospace company’s stock, valued at approximately $19,035,000. Aberdeen Group plc owned 1.36% of Ducommun as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Planning Group LLC lifted its holdings in shares of Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares during the period. Traub Capital Management LLC acquired a new position in shares of Ducommun during the second quarter worth about $35,000. Financial Consulate Inc. purchased a new stake in shares of Ducommun in the third quarter worth about $48,000. Finally, CWM LLC grew its stake in shares of Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after buying an additional 149 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Citigroup increased their price objective on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Stock Performance

Shares of DCO opened at $123.91 on Thursday. The firm has a fifty day moving average of $107.96 and a 200-day moving average of $97.81. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -52.95 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $127.09.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the completion of the transaction, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. The trade was a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.90% of the company’s stock.

Ducommun Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.