Ducommun Incorporated $DCO Stock Position Lessened by AlphaQuest LLC

Key Points

• AlphaQuest LLC reduced its stake in Ducommun Incorporated by 65.5%, resulting in ownership of 1,800 shares valued at approximately $104,000.
• Research analysts have recently upgraded Ducommun’s rating, with Wall Street Zen moving it from "buy" to "strong-buy" and a consensus target price of $97.50.
• Ducommun reported quarterly earnings of $0.88 EPS, exceeding estimates, with revenue of $202.26 million, representing a 2.7% year-over-year increase.

AlphaQuest LLC lowered its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 65.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,800 shares of the aerospace company's stock after selling 3,424 shares during the quarter. AlphaQuest LLC's holdings in Ducommun were worth $104,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Ducommun by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company's stock worth $44,532,000 after purchasing an additional 18,436 shares during the period. Royal Bank of Canada lifted its position in Ducommun by 8.1% during the 4th quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock worth $23,005,000 after acquiring an additional 27,068 shares in the last quarter. Wellington Management Group LLP raised its position in shares of Ducommun by 41.9% in the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after purchasing an additional 57,172 shares in the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of Ducommun by 7.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 173,248 shares of the aerospace company's stock valued at $10,054,000 after purchasing an additional 11,263 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Ducommun by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company's stock valued at $8,480,000 after purchasing an additional 3,561 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

DCO has been the topic of a number of recent analyst reports. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Citigroup reaffirmed a "buy" rating and issued a $101.00 target price (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Truist Financial upped their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Zacks Research raised Ducommun to a "hold" rating in a research report on Monday, August 11th. Finally, The Goldman Sachs Group upped their target price on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $97.50.

Ducommun Stock Performance

DCO traded down $0.80 during trading on Friday, reaching $90.57. 68,477 shares of the company were exchanged, compared to its average volume of 100,079. The stock has a market cap of $1.35 billion, a P/E ratio of 34.44 and a beta of 1.41. The firm has a 50 day moving average of $89.19 and a 200 day moving average of $72.48. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $95.93.

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