Ducommun Incorporated (NYSE:DCO) Stock Holdings Raised by Phocas Financial Corp.

Key Points

• Phocas Financial Corp. increased its holdings in Ducommun Incorporated by 26.9% in the 1st quarter, owning approximately 112,632 shares valued at $6.54 million as of the latest SEC filing.
• Ducommun's stock has performed notably, with a 12 month high of $92.57, while it reported $0.83 EPS for the last quarter, exceeding estimates.
• Several analysts have upgraded their ratings and price targets for Ducommun, with the consensus rating currently at "Buy" and an average price target of $96.25.

Phocas Financial Corp. increased its holdings in Ducommun Incorporated (NYSE:DCO - Free Report) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,632 shares of the aerospace company's stock after purchasing an additional 23,869 shares during the period. Phocas Financial Corp. owned 0.76% of Ducommun worth $6,536,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Ducommun by 49.0% in the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock valued at $4,018,000 after buying an additional 20,763 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Ducommun by 36.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock valued at $1,621,000 after acquiring an additional 6,866 shares in the last quarter. GSA Capital Partners LLP boosted its position in Ducommun by 40.6% during the 1st quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company's stock worth $1,431,000 after purchasing an additional 7,123 shares during the period. Two Sigma Investments LP boosted its position in Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after purchasing an additional 32,156 shares during the period. Finally, Northern Trust Corp increased its holdings in Ducommun by 5.4% in the 4th quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock valued at $8,287,000 after purchasing an additional 6,649 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on DCO shares. The Goldman Sachs Group boosted their price objective on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada increased their target price on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Truist Financial increased their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Citigroup reiterated a "buy" rating and issued a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $96.25.

Ducommun Stock Up 3.1%

Ducommun stock traded up $2.74 during midday trading on Monday, hitting $92.32. 148,931 shares of the stock were exchanged, compared to its average volume of 98,215. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $92.76. The firm has a market cap of $1.37 billion, a P/E ratio of 39.62 and a beta of 1.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.34 and a quick ratio of 2.20. The company has a 50 day moving average price of $81.62 and a two-hundred day moving average price of $68.53.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The firm had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.70 EPS. On average, sell-side analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

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.