GW&K Investment Management LLC Has $17.78 Million Stock Holdings in Ducommun Incorporated (NYSE:DCO)

GW&K Investment Management LLC reduced its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 3.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,376 shares of the aerospace company's stock after selling 9,328 shares during the period. GW&K Investment Management LLC owned approximately 2.06% of Ducommun worth $17,779,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DCO. Sterling Capital Management LLC boosted its position in shares of Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares in the last quarter. Virtus Fund Advisers LLC bought a new stake in Ducommun during the fourth quarter worth approximately $78,000. Central Pacific Bank Trust Division boosted its holdings 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 in the last quarter. Parvin Asset Management LLC acquired a new position in Ducommun in the fourth quarter worth approximately $98,000. Finally, Point72 Asset Management L.P. acquired a new position in Ducommun in the fourth quarter worth approximately $106,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Up 2.0%

Shares of DCO traded up $1.78 during mid-day trading on Friday, reaching $90.47. The company's stock had a trading volume of 113,667 shares, compared to its average volume of 151,657. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 38.83 and a beta of 1.36. The business has a fifty day moving average of $79.35 and a 200 day moving average of $67.67. 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 Incorporated has a 1 year low of $51.76 and a 1 year high of $91.60.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) 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 firm had revenue of $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. During the same period in the prior year, the business earned $0.70 EPS. The business'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.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group increased their price objective on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. B. Riley reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Truist Financial boosted their price objective on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday, July 11th. Finally, Citigroup reaffirmed a "buy" rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $96.25.

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.