Royce & Associates LP Has $10.76 Million Stock Position in Ducommun Incorporated (NYSE:DCO)

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 decreased its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 21.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 185,351 shares of the aerospace company's stock after selling 49,640 shares during the period. Royce & Associates LP owned about 1.25% of Ducommun worth $10,756,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in DCO. Quantbot Technologies LP boosted its holdings in shares of Ducommun by 120.8% during the fourth quarter. Quantbot Technologies LP now owns 4,443 shares of the aerospace company's stock valued at $283,000 after acquiring an additional 2,431 shares during the period. American Century Companies Inc. raised its holdings in Ducommun by 4.5% during the 4th quarter. American Century Companies Inc. now owns 26,992 shares of the aerospace company's stock worth $1,718,000 after buying an additional 1,153 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in Ducommun during the 4th quarter worth about $146,000. JPMorgan Chase & Co. increased 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 valued at $4,807,000 after purchasing an additional 69,473 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Ducommun by 41.9% in the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after purchasing an additional 57,172 shares during the period. Institutional investors own 92.15% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DCO. B. Riley reissued a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Citigroup restated a "buy" rating and issued a $101.00 target price (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group increased their price objective on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Truist Financial increased their target price on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $96.25.

Ducommun Trading Up 1.1%

DCO traded up $1.00 during midday trading on Tuesday, reaching $91.70. 26,309 shares of the company were exchanged, compared to its average volume of 96,194. Ducommun Incorporated has a one year low of $51.76 and a one year high of $92.31. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34. The stock has a market capitalization of $1.36 billion, a P/E ratio of 39.36 and a beta of 1.36. The stock's 50-day simple moving average is $79.81 and its 200 day simple moving average is $67.88.

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

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.