Ducommun Incorporated (NYSE:DCO) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC raised its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 5,623.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,414 shares of the aerospace company's stock after buying an additional 8,267 shares during the period. GAMMA Investing LLC owned about 0.06% of Ducommun worth $488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL increased its holdings in Ducommun by 2.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company's stock valued at $37,031,000 after buying an additional 11,834 shares in the last quarter. Royal Bank of Canada increased its holdings in Ducommun by 8.1% in the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock valued at $23,005,000 after buying an additional 27,068 shares in the last quarter. Kennedy Capital Management LLC increased its holdings in Ducommun by 60.9% in the fourth quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock valued at $17,412,000 after buying an additional 103,570 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in Ducommun by 4.4% in the fourth quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company's stock valued at $16,112,000 after buying an additional 10,700 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in Ducommun by 4.8% in the fourth quarter. Royce & Associates LP now owns 234,991 shares of the aerospace company's stock valued at $14,960,000 after buying an additional 10,700 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DCO. Truist Financial lifted their price objective on shares of Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a report on Thursday, June 12th. B. Riley reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Finally, The Goldman Sachs Group lifted their target price on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $84.33.

Ducommun Price Performance

Shares of NYSE DCO traded up $0.62 during trading on Monday, hitting $81.19. The company had a trading volume of 165,320 shares, compared to its average volume of 80,544. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 34.85 and a beta of 1.33. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $82.38. The stock has a fifty day simple moving average of $66.93 and a two-hundred day simple moving average of $63.82. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33.

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

Ducommun Company 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.