Oliver Luxxe Assets LLC Boosts Stake in Ducommun Incorporated $DCO

Key Points

• Oliver Luxxe Assets LLC increased its stake in Ducommun Incorporated by 53.8%, owning approximately 0.21% of the company after acquiring over 10,900 shares during the first quarter.
• Ducommun's stock recently rose 3.9%, and the company reported a quarterly earnings per share of $0.88, surpassing analysts' expectations.
• Recent analyst ratings have generally been positive, with Ducommun being upgraded to a "strong-buy" by Wall Street Zen and several firms raising price targets for the stock.

Oliver Luxxe Assets LLC increased its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 53.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,222 shares of the aerospace company's stock after buying an additional 10,918 shares during the period. Oliver Luxxe Assets LLC owned about 0.21% of Ducommun worth $1,812,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its stake in Ducommun by 49.0% during the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after purchasing an additional 20,763 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Ducommun by 36.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock valued at $1,621,000 after buying an additional 6,866 shares during the last quarter. GSA Capital Partners LLP raised its stake in Ducommun by 40.6% during the 1st quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company's stock worth $1,431,000 after acquiring an additional 7,123 shares in the last quarter. Two Sigma Investments LP raised its stake in Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after acquiring an additional 32,156 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Ducommun by 5.4% during the fourth quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock worth $8,287,000 after purchasing an additional 6,649 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on DCO. B. Riley reissued a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. Zacks Research raised Ducommun to a "hold" rating in a report on Monday, August 11th. Truist Financial raised their target price on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Royal Bank Of Canada upped their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.50.

Ducommun Stock Performance

NYSE DCO traded down $0.37 during trading hours on Thursday, hitting $91.84. 101,038 shares of the stock were exchanged, compared to its average volume of 100,290. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 34.92 and a beta of 1.38. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $95.93. The stock has a 50-day moving average of $88.08 and a 200 day moving average of $71.38.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. The company had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The firm's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. As a group, equities research analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current year.

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.