Dimensional Fund Advisors LP Trims Stake in Ducommun Incorporated (NYSE:DCO)

Dimensional Fund Advisors LP lowered its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,023,008 shares of the aerospace company's stock after selling 26,789 shares during the quarter. Dimensional Fund Advisors LP owned about 6.92% of Ducommun worth $65,122,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Gamco Investors INC. ET AL raised its holdings in shares of Ducommun by 2.1% in 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 acquiring an additional 11,834 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of Ducommun by 60.9% in the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock worth $17,412,000 after purchasing an additional 103,570 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Ducommun by 4.4% during the fourth 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 last quarter. Royce & Associates LP lifted its position in Ducommun by 4.8% during the fourth 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 last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Ducommun by 41.9% in the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock worth $12,334,000 after buying an additional 57,172 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Trading Up 5.1 %

Ducommun stock traded up $3.11 during trading hours on Wednesday, reaching $63.97. The company had a trading volume of 137,972 shares, compared to its average volume of 77,069. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $70.50. The company has a 50-day moving average price of $57.67 and a 200 day moving average price of $62.24. The firm has a market cap of $950.79 million, a price-to-earnings ratio of 32.15 and a beta of 1.30.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The company had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. During the same period in the prior year, the business posted $0.70 EPS. The firm's revenue was up 1.7% compared to the same quarter last year. Equities analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DCO shares. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Truist Financial set a $76.00 price objective on Ducommun in a report on Wednesday. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Ducommun has a consensus rating of "Buy" and a consensus 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.