Deutsche Bank AG Has $16.57 Million Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Deutsche Bank AG reduced its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 14.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 260,280 shares of the aerospace company's stock after selling 43,518 shares during the quarter. Deutsche Bank AG owned about 1.76% of Ducommun worth $16,569,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DCO. Gibson Capital LLC acquired a new stake in Ducommun in the 4th quarter valued at $6,763,000. Raymond James Financial Inc. acquired a new position in shares of Ducommun during the fourth quarter valued at about $6,737,000. Kennedy Capital Management LLC increased its position in shares of Ducommun by 60.9% during the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock worth $17,412,000 after acquiring an additional 103,570 shares in the last quarter. Oberweis Asset Management Inc. acquired a new stake in shares of Ducommun in the 4th quarter worth about $6,092,000. Finally, JPMorgan Chase & Co. lifted its position in Ducommun by 1,151.0% in the 4th quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company's stock valued at $4,807,000 after acquiring an additional 69,473 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Ducommun Trading Up 0.5%

Shares of DCO stock opened at $66.42 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a market capitalization of $988.20 million, a price-to-earnings ratio of 33.38 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 50-day simple moving average of $58.36 and a two-hundred day simple moving average of $62.35.

Ducommun (NYSE:DCO - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The company's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.70 EPS. Research analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DCO has been the subject of a number of recent research reports. Truist Financial set a $76.00 price objective on Ducommun in a report on Wednesday, May 7th. B. Riley reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, 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.

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