Ducommun Incorporated (NYSE:DCO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,023,008 shares of the aerospace company's stock after selling 26,789 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.92% of Ducommun worth $65,122,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in Ducommun during the fourth quarter worth about $383,000. Barclays PLC boosted its stake in shares of Ducommun by 137.2% in the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock valued at $3,514,000 after purchasing an additional 30,873 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Ducommun by 44.5% in the fourth quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company's stock valued at $1,019,000 after purchasing an additional 4,932 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Ducommun during the 4th quarter worth approximately $6,737,000. Finally, Annex Advisory Services LLC boosted its position in Ducommun by 37.6% in the 4th quarter. Annex Advisory Services LLC now owns 37,411 shares of the aerospace company's stock valued at $2,382,000 after buying an additional 10,228 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DCO. StockNews.com downgraded Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Truist Financial lowered their price target on shares of Ducommun from $82.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 17th.

Ducommun Price Performance

Shares of NYSE DCO traded up $2.97 during trading on Wednesday, hitting $63.83. 17,279 shares of the company were exchanged, compared to its average volume of 76,585. The firm's fifty day moving average price is $57.57 and its 200 day moving average price is $62.23. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year 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 company has a market cap of $948.71 million, a price-to-earnings ratio of 32.08 and a beta of 1.30.

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

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.