Captrust Financial Advisors Makes New $277,000 Investment in Ducommun Incorporated (NYSE:DCO)

Captrust Financial Advisors purchased a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,359 shares of the aerospace company's stock, valued at approximately $277,000.

A number of other hedge funds have also made changes to their positions in DCO. PNC Financial Services Group Inc. lifted its holdings in shares of Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock worth $146,000 after acquiring an additional 261 shares during the period. Sterling Capital Management LLC grew its holdings in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Ducommun by 10.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company's stock valued at $278,000 after purchasing an additional 414 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Ducommun by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock valued at $2,575,000 after buying an additional 430 shares during the last quarter. Finally, US Bancorp DE grew its position 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 buying an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Stock Performance

Shares of Ducommun stock traded up $1.13 during trading on Tuesday, hitting $68.87. 3,610 shares of the stock were exchanged, compared to its average volume of 76,106. The stock's fifty day moving average is $59.92 and its 200 day moving average is $62.67. Ducommun Incorporated has a 12 month low of $51.76 and a 12 month high of $70.50. The stock has a market cap of $1.02 billion, a PE ratio of 34.58 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Truist Financial set a $76.00 target price on shares of Ducommun in a research note on Wednesday, May 7th. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $76.00.

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.