GSA Capital Partners LLP Raises Holdings in Ducommun Incorporated (NYSE:DCO)

Key Points

• GSA Capital Partners LLP increased its holdings in Ducommun Incorporated by 40.6%, owning approximately 24,653 shares worth $1.43 million at the end of the last quarter.
• Ducommun reported earnings of $0.83 per share for the last quarter, exceeding analysts' expectations of $0.63 and showing a year-over-year revenue increase of 1.7%.
• Wall Street analysts maintain a consensus "Buy" rating on Ducommun, with price targets ranging from $95.00 to $101.00 after recent upgrades from multiple firms.

GSA Capital Partners LLP lifted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 40.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,653 shares of the aerospace company's stock after acquiring an additional 7,123 shares during the period. GSA Capital Partners LLP owned 0.17% of Ducommun worth $1,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after buying an additional 386 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in Ducommun during the fourth quarter worth $78,000. Central Pacific Bank Trust Division boosted its stake in Ducommun by 200.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after buying an additional 1,000 shares during the last quarter. Parvin Asset Management LLC acquired a new position in Ducommun during the fourth quarter worth $98,000. Finally, Point72 Asset Management L.P. acquired a new position in Ducommun during the fourth quarter worth $106,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on DCO. Truist Financial upped their price target on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Royal Bank Of Canada upped their price target on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Wall Street Zen lowered Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Saturday. Finally, Citigroup reaffirmed a "buy" rating and issued a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $96.25.

Ducommun Trading Down 1.6%

Shares of DCO stock traded down $1.49 on Friday, hitting $89.49. The stock had a trading volume of 166,992 shares, compared to its average volume of 144,137. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.34 and a quick ratio of 2.20. The firm has a market capitalization of $1.33 billion, a P/E ratio of 38.41 and a beta of 1.36. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $92.57. The company's 50 day moving average price is $81.62 and its 200-day moving average price is $68.53.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) 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 firm had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter in the previous year, the business earned $0.70 EPS. The company's quarterly revenue was up 1.7% compared to the same quarter last year. Analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current 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.