Ducommun Incorporated (NYSE:DCO) Stock Position Raised by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lifted its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 185.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 33,380 shares of the aerospace company's stock after buying an additional 21,681 shares during the period. Cubist Systematic Strategies LLC owned 0.23% of Ducommun worth $2,125,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DCO. Gamco Investors INC. ET AL boosted its stake in Ducommun by 2.1% during the 4th quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company's stock valued at $37,031,000 after purchasing an additional 11,834 shares during the period. Kennedy Capital Management LLC boosted its stake in Ducommun by 60.9% during the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock valued at $17,412,000 after purchasing an additional 103,570 shares during the period. First Eagle Investment Management LLC boosted its stake in Ducommun by 4.4% during the 4th quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company's stock valued at $16,112,000 after purchasing an additional 10,700 shares during the period. Royce & Associates LP boosted its stake in Ducommun by 4.8% during the 4th quarter. Royce & Associates LP now owns 234,991 shares of the aerospace company's stock valued at $14,960,000 after purchasing an additional 10,700 shares during the period. Finally, Wellington Management Group LLP boosted its stake in Ducommun by 41.9% during the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after purchasing an additional 57,172 shares during the period. Institutional investors own 92.15% of the company's stock.

Ducommun Price Performance

Shares of Ducommun stock traded up $0.25 on Friday, hitting $68.03. The company had a trading volume of 85,711 shares, compared to its average volume of 76,620. The company has a market cap of $1.01 billion, a PE ratio of 34.19 and a beta of 1.30. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $70.50. 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 business has a 50-day simple moving average of $58.91 and a 200-day simple moving average of $62.46.

Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, topping 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 firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. Research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. B. Riley reissued a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price target on shares of Ducommun in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $76.00.

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.