Oberweis Asset Management Inc. Buys New Holdings in Ducommun Incorporated (NYSE:DCO)

Oberweis Asset Management Inc. purchased a new position in Ducommun Incorporated (NYSE:DCO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 95,700 shares of the aerospace company's stock, valued at approximately $6,092,000. Oberweis Asset Management Inc. owned 0.65% of Ducommun as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after purchasing an additional 386 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Ducommun in the fourth quarter worth $32,000. Venturi Wealth Management LLC increased its position in Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 650 shares during the last quarter. US Bancorp DE lifted its holdings 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 acquiring an additional 442 shares during the period. Finally, R Squared Ltd purchased a new position in Ducommun in the fourth quarter worth about $87,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Price Performance

NYSE:DCO traded down $0.19 during trading hours on Wednesday, hitting $57.30. 12,286 shares of the stock traded hands, compared to its average volume of 76,399. The stock has a 50 day moving average price of $57.73 and a 200 day moving average price of $62.46. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The company has a market cap of $851.65 million, a price-to-earnings ratio of 28.79 and a beta of 1.27. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $70.50.

Wall Street Analyst Weigh In

DCO has been the subject of several research reports. Truist Financial reduced their price target on shares of Ducommun from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. StockNews.com downgraded shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada assumed coverage on shares of Ducommun in a research report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective for the company.

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.