Russell Investments Group Ltd. decreased its holdings in shares of Ducommun Incorporated (NYSE:DCO – Free Report) by 51.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,587 shares of the aerospace company’s stock after selling 6,986 shares during the quarter. Russell Investments Group Ltd. owned about 0.05% of Ducommun worth $360,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in Ducommun by 1.5% during the 1st quarter. Truist Financial Corp now owns 17,296 shares of the aerospace company’s stock valued at $946,000 after purchasing an additional 258 shares during the last quarter. Barclays PLC increased its stake in Ducommun by 16.0% during the first quarter. Barclays PLC now owns 22,009 shares of the aerospace company’s stock valued at $1,205,000 after acquiring an additional 3,029 shares during the period. Mutual of America Capital Management LLC increased its stake in Ducommun by 22.0% during the first quarter. Mutual of America Capital Management LLC now owns 146,153 shares of the aerospace company’s stock valued at $7,996,000 after acquiring an additional 26,382 shares during the period. Foundry Partners LLC increased its stake in Ducommun by 10.9% during the first quarter. Foundry Partners LLC now owns 113,830 shares of the aerospace company’s stock valued at $6,228,000 after acquiring an additional 11,175 shares during the period. Finally, CM Wealth Advisors LLC bought a new position in Ducommun during the first quarter valued at about $1,543,000. Institutional investors own 85.89% of the company’s stock.
Ducommun Stock Performance
Ducommun stock opened at $45.34 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.16 and a quick ratio of 1.94. The stock has a fifty day moving average price of $45.77 and a two-hundred day moving average price of $48.17. Ducommun Incorporated has a 52-week low of $38.89 and a 52-week high of $58.28. The firm has a market capitalization of $660.60 million, a P/E ratio of 23.49 and a beta of 1.34.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on DCO. Citigroup started coverage on Ducommun in a research note on Thursday, July 6th. They set a “buy” rating and a $65.00 price target on the stock. The Goldman Sachs Group started coverage on shares of Ducommun in a research note on Monday, August 14th. They set a “neutral” rating and a $52.00 price target on the stock. StockNews.com initiated coverage on shares of Ducommun in a research note on Thursday, August 17th. They set a “hold” rating on the stock. B. Riley restated a “buy” rating and set a $72.00 price target on shares of Ducommun in a research note on Monday, July 31st. Finally, Royal Bank of Canada cut their price target on shares of Ducommun from $64.00 to $56.00 in a research note on Wednesday, May 17th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.40.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to 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; higher-level 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.
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