Ducommun Incorporated (NYSE:DCO) Shares Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 49.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,576 shares of the aerospace company's stock after buying an additional 24,585 shares during the period. Teacher Retirement System of Texas owned about 0.50% of Ducommun worth $4,328,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DCO. Gibson Capital LLC purchased a new position in shares of Ducommun during the fourth quarter valued at approximately $6,763,000. Raymond James Financial Inc. bought a new position in Ducommun in the fourth quarter worth approximately $6,737,000. Kennedy Capital Management LLC increased its holdings in Ducommun by 60.9% during the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock worth $17,412,000 after purchasing an additional 103,570 shares during the period. Oberweis Asset Management Inc. purchased a new position in Ducommun during the 4th quarter worth $6,092,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Ducommun by 1,151.0% in the 4th quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company's stock worth $4,807,000 after buying an additional 69,473 shares during the period. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Stock Performance

NYSE:DCO traded up $1.85 during mid-day trading on Friday, hitting $85.78. The company's stock had a trading volume of 99,616 shares, compared to its average volume of 84,960. The business's fifty day moving average is $74.60 and its two-hundred day moving average is $65.87. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 36.82 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.34 and a quick ratio of 2.20. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $86.64.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DCO shares. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. 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 report on Thursday, July 3rd. The Goldman Sachs Group increased 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. Truist Financial increased their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday. Finally, Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Ducommun has a consensus rating of "Buy" and a consensus target price of $94.67.

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.