Ducommun Incorporated (NYSE:DCO) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP lifted its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 76.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,990 shares of the aerospace company's stock after buying an additional 32,156 shares during the period. Two Sigma Investments LP owned about 0.50% of Ducommun worth $4,710,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of DCO. Barclays PLC grew its holdings in Ducommun by 137.2% during the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock worth $3,514,000 after acquiring an additional 30,873 shares during the period. R Squared Ltd acquired a new position in shares of Ducommun during the 4th quarter worth $87,000. Van ECK Associates Corp increased its holdings in shares of Ducommun by 216.7% in the 4th quarter. Van ECK Associates Corp now owns 20,950 shares of the aerospace company's stock valued at $1,334,000 after purchasing an additional 14,334 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Ducommun by 833.3% in the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after purchasing an additional 650 shares in the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Ducommun by 21.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 61,418 shares of the aerospace company's stock valued at $3,910,000 after purchasing an additional 10,746 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Price Performance

Shares of NYSE:DCO traded up $0.72 during midday trading on Friday, hitting $70.58. 83,721 shares of the stock were exchanged, compared to its average volume of 76,788. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.05 billion, a P/E ratio of 35.47 and a beta of 1.30. The company has a 50 day moving average price of $60.76 and a 200-day moving average price of $62.71. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $70.84.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The business had revenue of $194.11 million for the quarter, compared to analyst estimates of $192.30 million. During the same period in the prior year, the business earned $0.70 earnings per share. The company's quarterly revenue was up 1.7% on a year-over-year basis. On average, research analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DCO. B. Riley restated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Truist Financial set a $76.00 price target on Ducommun in a research note on Wednesday, May 7th. Finally, Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a 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 stock. According to MarketBeat.com, Ducommun presently has an average rating of "Buy" and a consensus target price of $76.00.

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.