Voya Investment Management LLC Has $223,000 Position in Ducommun Incorporated $DCO

Voya Investment Management LLC lessened its position in Ducommun Incorporated (NYSE:DCO) by 11.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,850 shares of the aerospace company’s stock after selling 500 shares during the period. Voya Investment Management LLC’s holdings in Ducommun were worth $223,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Central Pacific Bank Trust Division increased its stake in shares of Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock valued at $87,000 after buying an additional 1,000 shares during the period. Virtus Advisers LLC acquired a new stake in Ducommun during the first quarter worth approximately $103,000. Ameriprise Financial Inc. bought a new position in Ducommun in the fourth quarter worth approximately $213,000. Y Intercept Hong Kong Ltd bought a new position in Ducommun in the first quarter worth approximately $219,000. Finally, Arizona State Retirement System boosted its holdings 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 acquiring an additional 176 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Zacks Research upgraded Ducommun to a “hold” rating in a research note on Monday, August 11th. Citigroup reiterated a “buy” rating and set a $101.00 price target (up from $91.00) on shares of Ducommun in a report on Monday, July 14th. Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 10th. Royal Bank Of Canada raised their target price on Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Truist Financial lifted their price target on Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Ducommun Trading Down 0.0%

NYSE DCO opened at $93.40 on Tuesday. The stock has a 50-day moving average of $91.58 and a 200-day moving average of $76.62. The firm has a market cap of $1.39 billion, a PE ratio of 35.51 and a beta of 1.41. 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 $96.49.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $202.26 million during the quarter, compared to analyst estimates of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.Ducommun’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 EPS. As a group, sell-side analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current 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.