Deutsche Bank AG Sells 7,464 Shares of Ducommun Incorporated $DCO

Key Points

• Deutsche Bank AG reduced its stake in Ducommun by 2.9% during the 1st quarter, now holding 252,816 shares valued at approximately $14.67 million.
• Ducommun has received several upgrades from analysts, including a price target increase from $84.00 to $94.00 by Goldman Sachs, indicating growing confidence in the stock's performance.
• For the most recent quarter, Ducommun reported earnings of $0.88 per share, surpassing analyst expectations, alongside a revenue of $202.26 million.

Deutsche Bank AG decreased its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 252,816 shares of the aerospace company's stock after selling 7,464 shares during the period. Deutsche Bank AG owned about 1.70% of Ducommun worth $14,671,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in shares of Ducommun during the fourth quarter valued at $6,737,000. Oberweis Asset Management Inc. bought a new position in shares of Ducommun during the fourth quarter valued at $6,092,000. LPL Financial LLC bought a new position in shares of Ducommun during the first quarter valued at $5,052,000. JPMorgan Chase & Co. raised its stake in shares of Ducommun by 1,151.0% during the fourth quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company's stock valued at $4,807,000 after acquiring an additional 69,473 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Ducommun by 41.9% during the fourth quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after acquiring an additional 57,172 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Ducommun Stock Down 1.8%

Shares of NYSE DCO traded down $1.68 during mid-day trading on Tuesday, reaching $89.99. 12,759 shares of the company's stock traded hands, compared to its average volume of 99,277. The stock has a market cap of $1.34 billion, a P/E ratio of 34.22 and a beta of 1.38. The business has a 50-day simple moving average of $86.09 and a 200 day simple moving average of $70.27. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $94.00. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DCO shares. Royal Bank Of Canada raised their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Truist Financial raised their price target on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Zacks Research raised shares of Ducommun to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Ducommun currently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

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.