Advisors Asset Management Inc. Purchases 12,353 Shares of Ducommun Incorporated $DCO

Advisors Asset Management Inc. lifted its position in shares of Ducommun Incorporated (NYSE:DCO) by 63.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,741 shares of the aerospace company’s stock after acquiring an additional 12,353 shares during the period. Advisors Asset Management Inc. owned approximately 0.21% of Ducommun worth $3,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC raised its stake in shares of Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Ducommun in the second quarter worth approximately $35,000. Financial Consulate Inc. purchased a new position in shares of Ducommun during the third quarter valued at approximately $48,000. Finally, CWM LLC boosted its holdings in Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 149 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of research reports. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. The Goldman Sachs Group upped their price target on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $113.00.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred 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 sale, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 8.90% of the stock is owned by insiders.

Ducommun Stock Performance

DCO opened at $123.76 on Friday. The company has a 50 day simple moving average of $105.98 and a two-hundred day simple moving average of $97.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. The firm has a market cap of $1.85 billion, a P/E ratio of -52.89 and a beta of 1.05. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $124.70.

Ducommun Company 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.