Northern Trust Corp Purchases 6,649 Shares of Ducommun Incorporated (NYSE:DCO)

Northern Trust Corp boosted its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 5.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,177 shares of the aerospace company's stock after buying an additional 6,649 shares during the quarter. Northern Trust Corp owned about 0.88% of Ducommun worth $8,287,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sterling Capital Management LLC boosted its stake 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 acquiring an additional 386 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after purchasing an additional 650 shares during the last quarter. US Bancorp DE grew its holdings in Ducommun by 49.9% during the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after purchasing an additional 442 shares during the last quarter. R Squared Ltd bought a new position in shares of Ducommun in the fourth quarter valued at approximately $87,000. Finally, Aquatic Capital Management LLC raised its position in shares of Ducommun by 59.4% in the fourth quarter. Aquatic Capital Management LLC now owns 2,232 shares of the aerospace company's stock valued at $142,000 after purchasing an additional 832 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Performance

Shares of Ducommun stock traded down $0.73 during midday trading on Thursday, hitting $67.40. The company had a trading volume of 75,666 shares, compared to its average volume of 76,618. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $70.50. The business's 50 day simple moving average is $59.45 and its two-hundred day simple moving average is $62.63. The stock has a market cap of $1.00 billion, a PE ratio of 33.87 and a beta of 1.30. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The company had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter in the previous year, the firm posted $0.70 EPS. The business's revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts predict that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analysts Set New Price Targets

DCO has been the topic of a number of research analyst reports. Truist Financial set a $76.00 target price on shares of Ducommun in a research note on Wednesday, May 7th. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Ducommun has an average rating of "Buy" and an average target price of $76.00.

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.