Vident Advisory LLC Acquires New Shares in Ducommun Incorporated $DCO

Key Points

• Vident Advisory LLC has acquired 47,712 shares of Ducommun Incorporated, valued at approximately $2.76 million, representing a 0.32% ownership stake in the company.
• Ducommun's stock has a consensus price target of $97.50 and a consensus rating of "Moderate Buy," with analysts generally optimistic about its performance.
• The company reported $0.88 earnings per share for the latest quarter, exceeding analysts' expectations and showing a revenue increase of 2.7% year-over-year.

Vident Advisory LLC purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 47,712 shares of the aerospace company's stock, valued at approximately $2,769,000. Vident Advisory LLC owned 0.32% of Ducommun at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in Ducommun by 49.0% during the 4th quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock valued at $4,018,000 after purchasing an additional 20,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Ducommun by 36.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock worth $1,621,000 after acquiring an additional 6,866 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Ducommun by 40.6% during the 1st quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company's stock worth $1,431,000 after acquiring an additional 7,123 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Ducommun by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company's stock worth $8,480,000 after acquiring an additional 3,561 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after acquiring an additional 32,156 shares during the period. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 10th. Zacks Research upgraded Ducommun to a "hold" rating in a report on Monday, August 11th. Royal Bank Of Canada upped their target price on Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Finally, Truist Financial boosted their price target on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Ducommun has an average rating of "Moderate Buy" and an average target price of $97.50.

Ducommun Stock Up 1.9%

Shares of DCO traded up $1.73 during mid-day trading on Thursday, reaching $91.47. The company had a trading volume of 78,396 shares, compared to its average volume of 100,267. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24. The firm has a 50-day moving average price of $89.06 and a 200 day moving average price of $72.29. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $95.93. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 34.78 and a beta of 1.41.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. The business had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS. On average, sell-side analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current 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.