GAMMA Investing LLC Raises Position in Ducommun Incorporated (NYSE:DCO)

GAMMA Investing LLC grew its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 5,623.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 8,414 shares of the aerospace company's stock after buying an additional 8,267 shares during the period. GAMMA Investing LLC owned approximately 0.06% of Ducommun worth $488,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Bank of America Corp DE raised its holdings in Ducommun by 49.0% in the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after buying an additional 20,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Ducommun by 36.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock worth $1,621,000 after buying an additional 6,866 shares during the last quarter. Intech Investment Management LLC purchased a new position in Ducommun in the fourth quarter worth about $383,000. Two Sigma Investments LP raised its holdings in Ducommun by 76.9% in the fourth quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after buying an additional 32,156 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in Ducommun by 5.4% in the fourth quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock worth $8,287,000 after buying an additional 6,649 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DCO. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Wednesday, May 7th. Finally, Truist Financial boosted 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. Four investment 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 presently has an average rating of "Buy" and an average target price of $79.67.

Ducommun Stock Up 1.0%

DCO opened at $80.20 on Friday. The company has a quick ratio of 2.20, a current ratio of 3.34 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average price of $65.43 and a 200-day moving average price of $63.55. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $81.07. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 34.42 and a beta of 1.33.

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 net margin of 4.45% and a return on equity of 7.61%. The firm had revenue of $194.11 million during the quarter, compared to analysts' expectations of $192.30 million. During the same period in the previous year, the company earned $0.70 earnings per share. The firm's quarterly revenue was up 1.7% on a year-over-year basis. Equities research analysts forecast that Ducommun Incorporated will post 3.21 earnings per share 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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