Connor Clark & Lunn Investment Management Ltd. trimmed its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 36.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,901 shares of the aerospace company's stock after selling 15,393 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.18% of Ducommun worth $1,561,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of DCO. Sterling Capital Management LLC raised its holdings in shares of Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after buying an additional 386 shares in the last quarter. Virtus Fund Advisers LLC purchased a new position in shares of Ducommun during the 4th quarter valued at about $78,000. Central Pacific Bank Trust Division raised its holdings in shares of Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after buying an additional 1,000 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Ducommun during the 4th quarter valued at about $98,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Ducommun during the 4th quarter valued at about $106,000. 92.15% of the stock is owned by hedge funds and other institutional investors.
Ducommun Trading Up 1.9%
Shares of DCO traded up $1.6750 during mid-day trading on Thursday, hitting $89.4750. 90,517 shares of the company's stock traded hands, compared to its average volume of 122,223. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $94.00. The firm has a market capitalization of $1.33 billion, a P/E ratio of 34.02 and a beta of 1.38. The business's 50-day moving average price is $86.90 and its 200-day moving average price is $70.66.
Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The firm had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The business's revenue was up 2.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.
Analyst Ratings Changes
A number of brokerages recently weighed in on DCO. The Goldman Sachs Group raised their price objective on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a report on Monday, June 23rd. Truist Financial lifted their price target on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Citigroup reaffirmed a "buy" rating and issued a $101.00 price target (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Finally, Zacks Research raised Ducommun to a "hold" rating in a research note on Monday, August 11th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $97.50.
Check Out Our Latest Stock Analysis on DCO
About Ducommun
(
Free Report)
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.
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