Vanguard Group Inc. Grows Stock Position in Ducommun Incorporated (NYSE:DCO)

Vanguard Group Inc. grew its holdings in Ducommun Incorporated (NYSE:DCO) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 723,575 shares of the aerospace company’s stock after purchasing an additional 54,228 shares during the period. Vanguard Group Inc.’s holdings in Ducommun were worth $31,483,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Credit Suisse AG increased its holdings in shares of Ducommun by 2.5% in the third quarter. Credit Suisse AG now owns 7,760 shares of the aerospace company’s stock worth $307,000 after purchasing an additional 191 shares during the period. Covestor Ltd raised its holdings in shares of Ducommun by 33.9% during the 3rd quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock valued at $47,000 after buying an additional 274 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in shares of Ducommun by 116.9% during the first quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 353 shares in the last quarter. Citigroup Inc. lifted its stake in Ducommun by 18.7% in the first quarter. Citigroup Inc. now owns 2,561 shares of the aerospace company’s stock worth $140,000 after purchasing an additional 403 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Ducommun by 197.1% in the 3rd quarter. FMR LLC now owns 621 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 412 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DCO shares. B. Riley reissued a “buy” rating and set a $72.00 price target on shares of Ducommun in a research report on Friday, February 16th. Truist Financial dropped their price target on Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research note on Friday, February 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Ducommun in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.80.

Ducommun Stock Performance

Shares of DCO stock opened at $55.59 on Friday. Ducommun Incorporated has a 12 month low of $40.24 and a 12 month high of $58.19. The stock has a market cap of $813.84 million, a PE ratio of 48.34 and a beta of 1.28. The company’s fifty day moving average price is $50.08 and its 200-day moving average price is $49.34. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The business had revenue of $192.23 million during the quarter, compared to analysts’ expectations of $193.24 million. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. On average, equities analysts expect that Ducommun Incorporated will post 2.75 EPS for the current fiscal year.

Ducommun Company Profile

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.