GSA Capital Partners LLP Sells 8,087 Shares of Ducommun Incorporated $DCO

GSA Capital Partners LLP cut its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 50.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,986 shares of the aerospace company’s stock after selling 8,087 shares during the quarter. GSA Capital Partners LLP owned about 0.05% of Ducommun worth $768,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in Ducommun by 6,725.0% during 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 period. EverSource Wealth Advisors LLC raised its position in shares of 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 stake in shares of Ducommun during the 2nd quarter worth about $35,000. Financial Consulate Inc. bought a new stake in shares of Ducommun during the 3rd quarter worth about $48,000. Finally, CWM LLC boosted its holdings in shares of Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after buying an additional 149 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Trading Up 0.3%

Shares of NYSE:DCO opened at $126.55 on Friday. The business’s 50 day simple moving average is $109.22 and its 200 day simple moving average is $98.29. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $128.17. 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 company has a market capitalization of $1.89 billion, a P/E ratio of -54.08 and a beta of 1.05.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on DCO shares. Citigroup increased their price target on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Sunday, February 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Royal Bank Of Canada upped their price objective on Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a report on Friday. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus target price of $123.50.

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.