D. E. Shaw & Co. Inc. Takes $3.20 Million Position in Ducommun Incorporated (NYSE:DCO)

D. E. Shaw & Co. Inc. bought a new stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 50,201 shares of the aerospace company's stock, valued at approximately $3,196,000. D. E. Shaw & Co. Inc. owned about 0.34% of Ducommun at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of DCO. Intech Investment Management LLC purchased a new position in Ducommun in the fourth quarter worth about $383,000. Barclays PLC grew its holdings in shares of Ducommun by 137.2% in the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock worth $3,514,000 after purchasing an additional 30,873 shares during the last quarter. New York State Common Retirement Fund raised its stake in shares of Ducommun by 44.5% during the fourth quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company's stock valued at $1,019,000 after acquiring an additional 4,932 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Ducommun in the 4th quarter worth $6,737,000. Finally, Annex Advisory Services LLC increased its position in Ducommun by 37.6% during the 4th quarter. Annex Advisory Services LLC now owns 37,411 shares of the aerospace company's stock valued at $2,382,000 after purchasing an additional 10,228 shares during the period. Institutional investors own 92.15% of the company's stock.

Ducommun Price Performance

Shares of DCO stock traded up $0.41 during trading hours on Friday, hitting $67.67. 61,211 shares of the company's stock were exchanged, compared to its average volume of 76,387. The firm has a market cap of $1.01 billion, a P/E ratio of 34.01 and a beta of 1.30. The firm has a 50 day moving average of $59.76 and a two-hundred day moving average of $62.70. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $70.50.

Ducommun (NYSE:DCO - Get Free Report) last issued 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. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The company had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. During the same period in the prior year, the business posted $0.70 earnings per share. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. Sell-side analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current year.

Analysts Set New Price Targets

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