Phocas Financial Corp. Acquires 37,400 Shares of Ducommun Incorporated (NYSE:DCO)

Phocas Financial Corp. increased its holdings in Ducommun Incorporated (NYSE:DCO - Free Report) by 72.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,763 shares of the aerospace company's stock after acquiring an additional 37,400 shares during the quarter. Phocas Financial Corp. owned about 0.60% of Ducommun worth $5,651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of DCO. Intech Investment Management LLC purchased a new stake in Ducommun during the 4th quarter valued at about $383,000. Barclays PLC grew its position in Ducommun by 137.2% during the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock valued at $3,514,000 after purchasing an additional 30,873 shares during the last quarter. Northern Trust Corp grew its position in Ducommun by 5.4% during the 4th quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock valued at $8,287,000 after purchasing an additional 6,649 shares during the last quarter. New York State Common Retirement Fund grew its position in Ducommun by 44.5% during the 4th quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company's stock valued at $1,019,000 after purchasing an additional 4,932 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Ducommun during the 4th quarter valued at about $6,737,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Performance

Shares of NYSE DCO traded up $0.72 during trading on Friday, reaching $70.58. 83,721 shares of the company traded hands, compared to its average volume of 76,679. The firm has a 50 day simple moving average of $60.54 and a 200-day simple moving average of $62.77. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.05 billion, a PE ratio of 35.47 and a beta of 1.30. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $70.84.

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

Wall Street Analysts Forecast Growth

DCO has been the topic of several recent analyst reports. Truist Financial set a $76.00 price objective on shares of Ducommun in a research report on Wednesday, May 7th. B. Riley reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Ducommun has an average rating of "Buy" and an average price target 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.