Ducommun Incorporated (NYSE:DCO) Shares Acquired by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 25.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,012 shares of the aerospace company's stock after purchasing an additional 3,998 shares during the period. New York State Common Retirement Fund owned approximately 0.13% of Ducommun worth $1,161,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL raised its stake in shares of Ducommun by 2.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company's stock valued at $37,031,000 after acquiring an additional 11,834 shares during the period. Royal Bank of Canada raised its stake in shares of Ducommun by 8.1% in the 4th quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock valued at $23,005,000 after acquiring an additional 27,068 shares during the period. Kennedy Capital Management LLC raised its stake in shares of Ducommun by 60.9% in the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company's stock valued at $17,412,000 after acquiring an additional 103,570 shares during the period. Wellington Management Group LLP raised its stake 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 valued at $12,334,000 after acquiring an additional 57,172 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of Ducommun by 25.3% in the 4th quarter. Renaissance Technologies LLC now owns 179,600 shares of the aerospace company's stock valued at $11,433,000 after acquiring an additional 36,300 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Up 0.3%

NYSE DCO traded up $0.25 on Monday, hitting $90.70. 128,517 shares of the stock were exchanged, compared to its average volume of 144,582. 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 fifty-two week low of $51.76 and a fifty-two week high of $91.60. The company has a market cap of $1.35 billion, a PE ratio of 38.93 and a beta of 1.36. The company has a 50-day moving average price of $79.81 and a 200-day moving average price of $67.88.

Ducommun (NYSE:DCO - Get Free Report) last issued its 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 net margin of 4.45% and a return on equity of 7.61%. The business had revenue of $194.11 million during the quarter, compared to analysts' expectations of $192.30 million. During the same quarter in the prior year, the business posted $0.70 EPS. The company's revenue for the quarter was up 1.7% on a year-over-year basis. Sell-side analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group increased their target price on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Citigroup reissued 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 target on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada raised their price target on shares of Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research report on Thursday, July 3rd. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Ducommun currently has a consensus rating of "Buy" and an average price target of $96.25.

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.