GSA Capital Partners LLP Raises Stock 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 raised its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 40.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,653 shares of the aerospace company's stock after acquiring an additional 7,123 shares during the quarter. GSA Capital Partners LLP owned approximately 0.17% of Ducommun worth $1,431,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its holdings in shares of Ducommun by 2.1% in the fourth quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company's stock worth $37,031,000 after acquiring an additional 11,834 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Ducommun by 8.1% in the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock worth $23,005,000 after acquiring an additional 27,068 shares during the last quarter. Kennedy Capital Management LLC grew its stake in 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 during the period. Wellington Management Group LLP raised its holdings in 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 acquiring an additional 57,172 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Ducommun by 25.3% during the 4th quarter. Renaissance Technologies LLC now owns 179,600 shares of the aerospace company's stock worth $11,433,000 after purchasing an additional 36,300 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Trading Down 0.6%

NYSE:DCO traded down $0.51 on Thursday, hitting $91.02. 129,860 shares of the stock were exchanged, compared to its average volume of 97,386. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $92.57. The stock has a fifty day moving average of $80.71 and a 200-day moving average of $68.20. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.35 billion, a PE ratio of 39.06 and a beta of 1.36.

Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, topping 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 company had revenue of $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. During the same quarter in the prior year, the business earned $0.70 earnings per share. The company's revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on DCO. Citigroup reiterated 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 raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Truist Financial upped their price target on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada lifted their price target on shares of Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Finally, The Goldman Sachs Group boosted their price objective on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Ducommun presently has a consensus rating of "Buy" and a consensus price target of $96.25.

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.