Ducommun Incorporated (NYSE:DCO) Stake Cut by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Ducommun Incorporated (NYSE:DCO) by 3.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,252 shares of the aerospace company’s stock after selling 740 shares during the quarter. Victory Capital Management Inc. owned approximately 0.12% of Ducommun worth $1,059,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in DCO. Rafferty Asset Management LLC lifted its holdings in shares of Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 164 shares during the last quarter. Arizona State Retirement System increased its position in Ducommun by 4.8% in the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock worth $221,000 after buying an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ducommun by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock valued at $492,000 after buying an additional 247 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $28,000 after buying an additional 386 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Ducommun by 10.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company’s stock valued at $278,000 after acquiring an additional 414 shares during the period. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DCO shares. The Goldman Sachs Group increased their price objective on shares of Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Citigroup restated a “buy” rating and issued a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Royal Bank Of Canada lifted their price target on Ducommun from $72.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, July 3rd. Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, May 7th. Finally, B. Riley restated a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $96.25.

Ducommun Stock Down 0.6%

Ducommun stock opened at $91.02 on Friday. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $92.57. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 39.06 and a beta of 1.36. The company’s 50-day moving average price is $81.18 and its two-hundred day moving average price is $68.37. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The business had revenue of $194.11 million during the quarter, compared to analysts’ expectations of $192.30 million. During the same period last year, the firm posted $0.70 earnings per share. The business’s revenue was up 1.7% on a year-over-year basis. On average, analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Ducommun 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.