Wells Fargo & Company MN Decreases Holdings in Ducommun Incorporated (NYSE:DCO)

Wells Fargo & Company MN lessened its stake in shares of Ducommun Incorporated (NYSE:DCOFree Report) by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 127,747 shares of the aerospace company’s stock after selling 3,195 shares during the period. Wells Fargo & Company MN owned about 0.87% of Ducommun worth $6,650,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Covestor Ltd increased its holdings in Ducommun by 33.9% during the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after buying an additional 274 shares during the last quarter. Swiss National Bank increased its holdings in Ducommun by 2.2% during the third quarter. Swiss National Bank now owns 28,200 shares of the aerospace company’s stock worth $1,227,000 after buying an additional 600 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in 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 buying an additional 995 shares during the last quarter. Phocas Financial Corp. increased its holdings in Ducommun by 1.8% during the fourth quarter. Phocas Financial Corp. now owns 57,040 shares of the aerospace company’s stock worth $2,970,000 after buying an additional 1,012 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of 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 purchasing an additional 1,598 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $72.00 target price on shares of Ducommun in a research note on Friday, February 16th. Truist Financial reduced their target price on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating for the company 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 lifted their target price 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $60.00 target price on shares of Ducommun in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.20.

Check Out Our Latest Analysis on DCO

Ducommun Price Performance

DCO stock opened at $58.98 on Friday. The firm has a 50 day moving average of $55.31 and a 200-day moving average of $52.04. The company has a current ratio of 2.99, a quick ratio of 1.88 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a 12 month low of $42.31 and a 12 month high of $60.00. The firm has a market capitalization of $868.19 million, a P/E ratio of 49.56 and a beta of 1.36.

Ducommun (NYSE:DCOGet Free Report) last released its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The company had revenue of $190.90 million during the quarter, compared to analyst estimates of $189.20 million. During the same period last year, the business earned $0.63 earnings per share. Ducommun’s revenue was up 5.4% compared to the same quarter last year. As a group, 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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