Janney Montgomery Scott LLC Buys 1,675 Shares of Ducommun Incorporated (NYSE:DCO)

Janney Montgomery Scott LLC grew its holdings in shares of Ducommun Incorporated (NYSE:DCOFree Report) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,133 shares of the aerospace company’s stock after buying an additional 1,675 shares during the period. Janney Montgomery Scott LLC owned 0.08% of Ducommun worth $580,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of DCO. Paradigm Capital Management Inc. NY boosted its holdings in shares of Ducommun by 33.0% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,420,200 shares of the aerospace company’s stock valued at $61,793,000 after buying an additional 352,185 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Ducommun by 106.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 178,273 shares of the aerospace company’s stock valued at $7,757,000 after buying an additional 92,007 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Ducommun by 37.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 247,689 shares of the aerospace company’s stock worth $10,777,000 after purchasing an additional 67,226 shares in the last quarter. Vanguard Group Inc. boosted its stake in Ducommun by 8.1% in the 3rd quarter. Vanguard Group Inc. now owns 723,575 shares of the aerospace company’s stock worth $31,483,000 after purchasing an additional 54,228 shares in the last quarter. Finally, Kennedy Capital Management LLC boosted its stake in Ducommun by 17.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 172,281 shares of the aerospace company’s stock worth $7,496,000 after purchasing an additional 25,500 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DCO shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 price target on shares of Ducommun in a research note on Friday, February 16th. StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. The Goldman Sachs Group upped their price target on shares of Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. B. Riley reiterated a “buy” rating and issued a $72.00 price target on shares of Ducommun in a research note on Friday, February 16th. Finally, Truist Financial decreased their target price 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $65.20.

Check Out Our Latest Stock Analysis on Ducommun

Ducommun Price Performance

Shares of NYSE:DCO opened at $58.74 on Tuesday. Ducommun Incorporated has a fifty-two week low of $42.17 and a fifty-two week high of $60.00. The firm has a market cap of $864.65 million, a price-to-earnings ratio of 49.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. The business has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $51.87.

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