Northern Trust Corp Buys 6,649 Shares of Ducommun Incorporated (NYSE:DCO)

Northern Trust Corp lifted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 130,177 shares of the aerospace company’s stock after acquiring an additional 6,649 shares during the period. Northern Trust Corp owned approximately 0.88% of Ducommun worth $8,287,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC increased its position in shares of Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 386 shares in the last quarter. Venturi Wealth Management LLC grew its position in Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE grew its position in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock valued at $84,000 after purchasing an additional 442 shares in the last quarter. R Squared Ltd bought a new position in Ducommun in the fourth quarter valued at $87,000. Finally, Aquatic Capital Management LLC grew its position in Ducommun by 59.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,232 shares of the aerospace company’s stock valued at $142,000 after purchasing an additional 832 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. B. Riley reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 target price on shares of Ducommun in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $76.00.

Ducommun Stock Performance

Shares of DCO stock opened at $68.03 on Monday. The stock has a market cap of $1.01 billion, a P/E ratio of 34.19 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The company has a fifty day moving average price of $58.91 and a two-hundred day moving average price of $62.46. Ducommun Incorporated has a one year low of $51.76 and a one year high of $70.50.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The firm had revenue of $194.11 million during the quarter, compared to analysts’ expectations of $192.30 million. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.70 earnings per share. As a group, equities analysts predict that Ducommun Incorporated will post 3.21 EPS for the current 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.