Zurcher Kantonalbank Zurich Cantonalbank Sells 459 Shares of Ducommun Incorporated (NYSE:DCO)

Zurcher Kantonalbank Zurich Cantonalbank reduced its stake in Ducommun Incorporated (NYSE:DCO) by 14.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,642 shares of the aerospace company’s stock after selling 459 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ducommun were worth $138,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Covestor Ltd raised its holdings in Ducommun by 33.9% in the 3rd quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock valued at $47,000 after acquiring an additional 274 shares during the period. Advisor Partners II LLC bought a new position in shares of Ducommun during the third quarter worth approximately $211,000. Advisors Asset Management Inc. increased its holdings in shares of Ducommun by 13.1% during the third quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 995 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of Ducommun by 20.3% during the third quarter. Janney Montgomery Scott LLC now owns 9,458 shares of the aerospace company’s stock worth $412,000 after purchasing an additional 1,598 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Ducommun by 332.9% during the third quarter. SG Americas Securities LLC now owns 10,467 shares of the aerospace company’s stock worth $455,000 after purchasing an additional 8,049 shares during the period. 92.15% of the stock is owned by institutional investors.

Ducommun Stock Performance

NYSE DCO opened at $56.64 on Thursday. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $829.21 million, a price-to-earnings ratio of 49.25 and a beta of 1.26. The firm’s 50 day simple moving average is $51.87 and its 200 day simple moving average is $50.61. Ducommun Incorporated has a 1 year low of $40.24 and a 1 year high of $60.00.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.11. The business had revenue of $192.23 million for the quarter, compared to analyst estimates of $193.24 million. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. As a group, research analysts expect that Ducommun Incorporated will post 2.75 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DCO. Truist Financial lowered their target price on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating on the stock in a report on Friday, February 16th. B. Riley reaffirmed a “buy” rating and set a $72.00 target price on shares of Ducommun in a report on Friday, February 16th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $60.00 target price on shares of Ducommun in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy 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 $62.80.

About Ducommun

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.