Mitsubishi UFJ Asset Management Co. Ltd. Raises Stake in Ducommun Incorporated (NYSE:DCO)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 41.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,055 shares of the aerospace company's stock after acquiring an additional 11,198 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.26% of Ducommun worth $2,208,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DCO. Raymond James Financial Inc. bought a new stake in shares of Ducommun in the fourth quarter valued at about $6,737,000. Oberweis Asset Management Inc. bought a new stake in shares of Ducommun in the fourth quarter valued at about $6,092,000. LPL Financial LLC bought a new stake in shares of Ducommun in the first quarter valued at about $5,052,000. JPMorgan Chase & Co. raised its holdings in shares of Ducommun by 1,151.0% in 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 in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Ducommun by 41.9% in 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 in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group boosted their target price on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada boosted their target price on shares of Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Zacks Research upgraded shares of Ducommun to a "hold" rating in a report on Monday. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 10th. Finally, Truist Financial boosted their target price on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $97.50.

Ducommun Stock Down 0.2%

Shares of DCO stock traded down $0.22 during trading hours on Friday, reaching $91.24. 127,469 shares of the company's stock were exchanged, compared to its average volume of 99,940. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $94.00. The stock has a market cap of $1.36 billion, a PE ratio of 34.69 and a beta of 1.38. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. The stock's fifty day moving average price is $85.38 and its two-hundred day moving average price is $69.93.

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