Bank of America Corp DE Buys 20,763 Shares of Ducommun Incorporated (NYSE:DCO)

Bank of America Corp DE grew its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 49.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,120 shares of the aerospace company's stock after purchasing an additional 20,763 shares during the quarter. Bank of America Corp DE owned about 0.43% of Ducommun worth $4,018,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in shares of Ducommun by 137.2% during the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock worth $3,514,000 after acquiring an additional 30,873 shares during the period. R Squared Ltd bought a new position in shares of Ducommun during the 4th quarter worth approximately $87,000. Van ECK Associates Corp boosted its stake in shares of Ducommun by 216.7% during the 4th quarter. Van ECK Associates Corp now owns 20,950 shares of the aerospace company's stock worth $1,334,000 after acquiring an additional 14,334 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after acquiring an additional 650 shares during the period. Finally, Rice Hall James & Associates LLC boosted its stake in shares of Ducommun by 21.2% during the 4th quarter. Rice Hall James & Associates LLC now owns 61,418 shares of the aerospace company's stock worth $3,910,000 after acquiring an additional 10,746 shares during the period. Institutional investors and hedge funds own 92.15% of the company's stock.

Wall Street Analyst Weigh In

DCO has been the subject of a number of research reports. B. Riley reissued a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Truist Financial set a $76.00 target price on Ducommun in a report on Wednesday, May 7th. Finally, Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Four equities 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, the company presently has an average rating of "Buy" and an average target price of $76.00.

Ducommun Price Performance

DCO stock traded up $1.22 during midday trading on Tuesday, reaching $71.46. The company had a trading volume of 56,719 shares, compared to its average volume of 76,778. 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 capitalization of $1.06 billion, a price-to-earnings ratio of 35.91 and a beta of 1.30. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $71.47. The stock has a 50 day moving average price of $61.20 and a 200-day moving average price of $62.80.

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

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.