MQS Management LLC Purchases New Shares in Ducommun Incorporated (NYSE:DCO)

MQS Management LLC purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,889 shares of the aerospace company's stock, valued at approximately $400,000.

Several other institutional investors have also recently bought and sold shares of the stock. Rafferty Asset Management LLC increased its position in Ducommun by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock worth $222,000 after purchasing an additional 164 shares during the period. Arizona State Retirement System increased its holdings in Ducommun by 4.8% in the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after purchasing an additional 176 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Ducommun by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock valued at $492,000 after buying an additional 247 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Ducommun by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock worth $146,000 after buying an additional 261 shares during the last quarter. Finally, Sterling Capital Management LLC grew 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 worth $28,000 after buying an additional 386 shares during the period. Institutional investors own 92.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DCO. Truist Financial lifted their target price on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a report on Friday. The Goldman Sachs Group raised their price target on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Royal Bank Of Canada increased their price objective on shares of Ducommun from $72.00 to $95.00 and gave the stock an "outperform" rating in a research note on Thursday, July 3rd. Finally, Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Ducommun presently has a consensus rating of "Buy" and an average target price of $94.67.

Ducommun Trading Up 2.2%

Shares of NYSE:DCO opened at $85.78 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34. The company has a 50-day simple moving average of $74.60 and a 200 day simple moving average of $65.92. The company has a market capitalization of $1.28 billion, a P/E ratio of 36.82 and a beta of 1.36. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $86.64.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $194.11 million during the quarter, compared to analysts' expectations of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. Sell-side analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

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.

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