Vanguard Group Inc. Buys 18,436 Shares of Ducommun Incorporated $DCO

Vanguard Group Inc. increased its stake in shares of Ducommun Incorporated (NYSE:DCO) by 2.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 767,398 shares of the aerospace company’s stock after purchasing an additional 18,436 shares during the period. Vanguard Group Inc. owned approximately 5.16% of Ducommun worth $44,532,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of Ducommun by 11.0% during the 4th quarter. Barclays PLC now owns 59,263 shares of the aerospace company’s stock worth $3,772,000 after buying an additional 5,881 shares during the period. Marshall Wace LLP bought a new position in Ducommun during the 4th quarter worth approximately $1,741,000. First Trust Advisors LP grew its holdings in Ducommun by 25.4% during the fourth quarter. First Trust Advisors LP now owns 4,730 shares of the aerospace company’s stock valued at $301,000 after purchasing an additional 958 shares during the period. MetLife Investment Management LLC increased its stake in Ducommun by 6.8% in the fourth quarter. MetLife Investment Management LLC now owns 8,191 shares of the aerospace company’s stock valued at $521,000 after purchasing an additional 518 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in Ducommun by 10.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company’s stock valued at $278,000 after purchasing an additional 414 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

DCO has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of Ducommun from $87.00 to $95.00 and gave the stock a “buy” rating in a research report on Friday, July 11th. Royal Bank Of Canada lifted their target price on Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. The Goldman Sachs Group boosted their target price on Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a research note on Monday, June 23rd. Citigroup reaffirmed a “buy” rating and set a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Finally, B. Riley reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, May 7th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Ducommun has an average rating of “Moderate Buy” and an average price target of $97.50.

Ducommun Stock Up 1.4%

Shares of DCO stock opened at $94.1250 on Tuesday. The firm’s fifty day moving average price is $87.55 and its two-hundred day moving average price is $71.08. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $94.72. The firm has a market capitalization of $1.40 billion, a P/E ratio of 35.79 and a beta of 1.38.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The company had revenue of $202.26 million during the quarter, compared to analysts’ expectations of $199.29 million. During the same quarter last year, the company earned $0.52 EPS. Ducommun’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts predict that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

About Ducommun

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.