Keeley Teton Advisors LLC Acquires 4,501 Shares of Ducommun Incorporated $DCO

Key Points

• Keeley Teton Advisors LLC increased its stake in Ducommun Incorporated by 11.3%, now owning 44,247 shares valued at approximately $2.57 million.
• Ducommun has been rated positively by multiple analysts, with Goldman Sachs raising its price target from $84 to $94 and others also giving it buy ratings.
• The company reported earnings of $0.88 per share for the recent quarter, exceeding analysts' estimates, and recorded a 2.7% year-over-year revenue increase.

Keeley Teton Advisors LLC boosted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 11.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 44,247 shares of the aerospace company's stock after purchasing an additional 4,501 shares during the period. Keeley Teton Advisors LLC owned approximately 0.30% of Ducommun worth $2,568,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Nuveen LLC acquired a new position in Ducommun in the first quarter worth approximately $5,097,000. LPL Financial LLC acquired a new position in shares of Ducommun in the 1st quarter worth $5,052,000. Wellington Management Group LLP grew its holdings in shares of Ducommun by 41.9% in the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock worth $12,334,000 after acquiring an additional 57,172 shares during the last quarter. D. E. Shaw & Co. Inc. acquired a new stake in shares of Ducommun during the fourth quarter worth $3,196,000. Finally, Phocas Financial Corp. lifted its holdings in shares of Ducommun by 72.8% during the fourth quarter. Phocas Financial Corp. now owns 88,763 shares of the aerospace company's stock valued at $5,651,000 after purchasing an additional 37,400 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Down 0.4%

Ducommun stock traded down $0.37 during trading hours on Thursday, hitting $91.84. The company had a trading volume of 101,040 shares, compared to its average volume of 123,167. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $95.93. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The firm has a market capitalization of $1.37 billion, a P/E ratio of 34.92 and a beta of 1.38. The firm's fifty day moving average is $88.31 and its 200-day moving average is $71.55.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. During the same period in the previous year, the company posted $0.52 EPS. Ducommun's revenue was up 2.7% on a year-over-year basis. On average, research analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

DCO has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price objective on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada boosted their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Citigroup restated a "buy" rating and issued a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Truist Financial raised their price objective on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, Zacks Research raised shares of Ducommun to a "hold" rating in a research note on Monday, August 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.50.

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.