Trexquant Investment LP Invests $476,000 in Ducommun Incorporated (NYSE:DCO)

Trexquant Investment LP bought a new position in Ducommun Incorporated (NYSE:DCOFree Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,152 shares of the aerospace company’s stock, valued at approximately $476,000. Trexquant Investment LP owned about 0.06% of Ducommun as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Covestor Ltd grew its holdings in shares of Ducommun by 33.9% in the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 274 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in Ducommun by 13.1% in the third quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company’s stock worth $373,000 after acquiring an additional 995 shares during the period. Janney Montgomery Scott LLC lifted its stake in Ducommun by 20.3% in the third quarter. Janney Montgomery Scott LLC now owns 9,458 shares of the aerospace company’s stock worth $412,000 after acquiring an additional 1,598 shares during the period. Manatuck Hill Partners LLC lifted its stake in Ducommun by 20.0% in the third quarter. Manatuck Hill Partners LLC now owns 18,000 shares of the aerospace company’s stock worth $783,000 after acquiring an additional 3,000 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Ducommun by 535.3% in the fourth quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock worth $867,000 after acquiring an additional 14,025 shares during the period. Institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DCO. The Goldman Sachs Group raised their price target on Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $60.00 price target on shares of Ducommun in a research note on Friday, February 16th. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. B. Riley reissued a “buy” rating and set a $72.00 price objective on shares of Ducommun in a research report on Friday, February 16th. Finally, Truist Financial lowered their price objective on Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and an average target price of $65.20.

Check Out Our Latest Analysis on DCO

Ducommun Price Performance

DCO opened at $58.18 on Monday. The stock has a 50-day moving average price of $54.60 and a 200-day moving average price of $51.80. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.99 and a quick ratio of 1.88. The firm has a market cap of $856.41 million, a PE ratio of 48.89 and a beta of 1.26. Ducommun Incorporated has a 1 year low of $40.24 and a 1 year high of $60.00.

Ducommun (NYSE:DCOGet Free Report) last posted its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. The firm had revenue of $190.90 million during the quarter, compared to analyst estimates of $189.20 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. Ducommun’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. Sell-side analysts predict that Ducommun Incorporated will post 2.77 earnings per share for the current fiscal year.

Ducommun Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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