Millennium Management LLC Has $1.45 Million Stake in Ducommun Incorporated (NYSE:DCO)

Millennium Management LLC lifted its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 67.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,804 shares of the aerospace company's stock after purchasing an additional 9,168 shares during the period. Millennium Management LLC owned 0.15% of Ducommun worth $1,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in DCO. Gibson Capital LLC bought a new position in shares of Ducommun during the fourth quarter worth approximately $6,763,000. Raymond James Financial Inc. bought a new position in Ducommun during the 4th quarter worth $6,737,000. Kennedy Capital Management LLC increased its stake in Ducommun by 60.9% during 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. Oberweis Asset Management Inc. bought a new position in Ducommun during the 4th quarter worth $6,092,000. Finally, JPMorgan Chase & Co. increased its stake in Ducommun by 1,151.0% during the 4th quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company's stock worth $4,807,000 after acquiring an additional 69,473 shares during the period. Institutional investors own 92.15% of the company's stock.

Ducommun Price Performance

Shares of DCO traded up $0.27 during midday trading on Friday, hitting $73.58. The company's stock had a trading volume of 112,115 shares, compared to its average volume of 77,267. Ducommun Incorporated has a one year low of $51.76 and a one year high of $73.99. The company's fifty day simple moving average is $62.09 and its two-hundred day simple moving average is $62.97. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 36.98 and a beta of 1.33.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings results 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 7.40% and a net margin of 3.82%. The company had revenue of $194.11 million for the quarter, compared to analyst estimates of $192.30 million. During the same quarter last year, the company posted $0.70 EPS. The company's revenue for the quarter 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.

Analysts Set New Price Targets

A number of research firms have commented on DCO. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. B. Riley restated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price objective on Ducommun in a research note on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Ducommun has an average rating of "Buy" and an average price target of $76.00.

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.