Phocas Financial Corp. Has $6.54 Million Stock Holdings in Ducommun Incorporated (NYSE:DCO)

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. raised its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 26.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 112,632 shares of the aerospace company's stock after acquiring an additional 23,869 shares during the period. Phocas Financial Corp. owned approximately 0.76% of Ducommun worth $6,536,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after purchasing an additional 386 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of Ducommun in the fourth quarter valued at approximately $78,000. Central Pacific Bank Trust Division boosted its position in shares of Ducommun by 200.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after buying an additional 1,000 shares during the period. Parvin Asset Management LLC bought a new position in Ducommun in the 4th quarter worth approximately $98,000. Finally, Point72 Asset Management L.P. bought a new position in Ducommun in the 4th quarter worth approximately $106,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Trading Up 0.6%

DCO traded up $0.52 during mid-day trading on Wednesday, reaching $91.69. The stock had a trading volume of 37,836 shares, compared to its average volume of 98,246. The firm's fifty day simple moving average is $82.54 and its two-hundred day simple moving average is $68.85. The stock has a market capitalization of $1.36 billion, a P/E ratio of 39.34 and a beta of 1.38. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $93.41. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34.

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

Analyst Ratings Changes

A number of brokerages have issued reports on DCO. Wall Street Zen lowered Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Truist Financial upped their target price on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Citigroup reaffirmed a "buy" rating and issued a $101.00 price target (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. The Goldman Sachs Group raised their price objective on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Finally, B. Riley restated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, Ducommun has an average rating of "Buy" and a consensus target price of $96.25.

About Ducommun

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.