Ducommun Incorporated (NYSE:DCO) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP has **reduced its stake** in Ducommun Incorporated by **21.1%**, exiting with **185,351 shares** after selling **49,640 shares** in the first quarter.
• Ducommun has received multiple **buy ratings** from analysts, with **target price upgrades** reaching as high as **$101.00**, reflecting positive sentiment around the stock.
• In its latest quarterly earnings, Ducommun reported **$0.83 earnings per share (EPS)**, surpassing expectations and representing a **1.7%** increase in revenue year-over-year.

Royce & Associates LP lowered its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 21.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,351 shares of the aerospace company's stock after selling 49,640 shares during the quarter. Royce & Associates LP owned approximately 1.25% of Ducommun worth $10,756,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Gibson Capital LLC acquired a new position in Ducommun during the 4th quarter worth $6,763,000. Raymond James Financial Inc. acquired a new position in Ducommun in the fourth quarter worth about $6,737,000. Kennedy Capital Management LLC grew its position in shares of Ducommun by 60.9% in the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock worth $17,412,000 after acquiring an additional 103,570 shares in the last quarter. Oberweis Asset Management Inc. bought a new stake in Ducommun during the fourth quarter valued at $6,092,000. Finally, JPMorgan Chase & Co. lifted its position 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 last quarter. Institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

DCO has been the subject of a number of recent research reports. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Truist Financial upped their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, July 11th. The Goldman Sachs Group increased their price target on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada boosted their price objective on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, Citigroup restated a "buy" rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $96.25.

Ducommun Stock Performance

Shares of NYSE DCO opened at $90.47 on Friday. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $91.60. The company has a market cap of $1.35 billion, a PE ratio of 38.83 and a beta of 1.36. The stock has a 50 day simple moving average of $79.35 and a 200-day simple moving average of $67.65. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33.

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

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.

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