27,000 Shares in Ducommun Incorporated (NYSE:DCO) Bought by AMH Equity Ltd

AMH Equity Ltd acquired a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 27,000 shares of the aerospace company's stock, valued at approximately $1,567,000. Ducommun makes up 2.4% of AMH Equity Ltd's portfolio, making the stock its 16th biggest holding. AMH Equity Ltd owned 0.18% of Ducommun at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Gamco Investors INC. ET AL increased its holdings in shares of Ducommun by 2.1% during the fourth 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. Royal Bank of Canada increased its stake in Ducommun by 8.1% during the 4th quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock valued at $23,005,000 after purchasing an additional 27,068 shares in the last quarter. Kennedy Capital Management LLC raised its holdings in 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 buying an additional 103,570 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Ducommun by 41.9% in the fourth quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after buying an additional 57,172 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Ducommun by 25.3% in the fourth quarter. Renaissance Technologies LLC now owns 179,600 shares of the aerospace company's stock valued at $11,433,000 after buying an additional 36,300 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Stock Performance

Shares of DCO stock traded up $3.98 during trading on Friday, reaching $90.79. 186,384 shares of the company's stock traded hands, compared to its average volume of 88,886. The firm's 50-day moving average is $77.08 and its 200 day moving average is $66.78. The company has a market capitalization of $1.35 billion, a P/E ratio of 38.97 and a beta of 1.36. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $91.23. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) 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 net margin of 4.45% and a return on equity of 7.61%. The company's revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.70 earnings per share. Equities research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DCO. Royal Bank Of Canada raised their target price on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Citigroup restated a "buy" rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. B. Riley reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Truist Financial boosted their price target on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Ducommun has an average rating of "Buy" and a consensus target price of $96.25.

Ducommun 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.