MQS Management LLC Buys Shares of 6,889 Ducommun Incorporated (NYSE:DCO)

MQS Management LLC bought a new position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 6,889 shares of the aerospace company's stock, valued at approximately $400,000.

Several other large investors have also added to or reduced their stakes in DCO. Sterling Capital Management LLC grew its stake in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 386 shares during the period. Virtus Fund Advisers LLC acquired a new stake in Ducommun in the fourth quarter valued at approximately $78,000. US Bancorp DE grew its stake in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares during the period. Central Pacific Bank Trust Division grew its stake in Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after acquiring an additional 1,000 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in Ducommun in the fourth quarter valued at approximately $98,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of research reports. B. Riley reissued a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Citigroup reissued a "buy" rating and issued a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a research note on Monday. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada lifted their target price on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Finally, The Goldman Sachs Group lifted their target price on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Five 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 an average price target of $96.25.

Ducommun Stock Performance

Ducommun stock traded up $0.19 during mid-day trading on Thursday, reaching $86.69. 223,401 shares of the company's stock were exchanged, compared to its average volume of 88,096. The business's fifty day simple moving average is $76.57 and its 200 day simple moving average is $66.57. The firm has a market capitalization of $1.29 billion, a PE ratio of 37.21 and a beta of 1.36. Ducommun Incorporated has a one year low of $51.76 and a one year high of $89.94. 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 (NYSE:DCO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. Ducommun's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period last year, the company posted $0.70 earnings per share. On average, sell-side analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.

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.