Ducommun Incorporated (NYSE:DCO) Shares Sold by Meros Investment Management LP

Meros Investment Management LP lowered its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 4.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,486 shares of the aerospace company's stock after selling 9,951 shares during the quarter. Ducommun comprises 5.7% of Meros Investment Management LP's holdings, making the stock its 2nd biggest position. Meros Investment Management LP owned 1.32% of Ducommun worth $12,445,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sterling Capital Management LLC raised its stake in Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after acquiring an additional 386 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after purchasing an additional 650 shares during the last quarter. US Bancorp DE grew its holdings in shares of Ducommun by 49.9% during the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after purchasing an additional 442 shares during the last quarter. R Squared Ltd bought a new stake in shares of Ducommun during the fourth quarter worth about $87,000. Finally, Parvin Asset Management LLC bought a new stake in shares of Ducommun during the fourth quarter worth about $98,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Stock Up 1.7%

DCO stock opened at $66.32 on Tuesday. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $70.50. The stock has a fifty day moving average of $58.19 and a 200-day moving average of $62.32. 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 $986.74 million, a price-to-earnings ratio of 33.33 and a beta of 1.30.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. The company had revenue of $194.11 million for the quarter, compared to analysts' expectations of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. Ducommun'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 EPS. As a group, equities research analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DCO. Truist Financial set a $76.00 price target 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 note on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ducommun presently has an average rating of "Buy" and an average price target of $76.00.

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.

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