ProShare Advisors LLC Makes New $243,000 Investment in Ducommun Incorporated (NYSE:DCO)

ProShare Advisors LLC purchased a new position in Ducommun Incorporated (NYSE:DCO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,823 shares of the aerospace company's stock, valued at approximately $243,000.

Several other institutional investors have also recently made changes to their positions in DCO. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 acquiring an additional 247 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Ducommun by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $146,000 after acquiring an additional 261 shares during the last quarter. Sterling Capital Management LLC increased its stake in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after acquiring an additional 386 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Ducommun by 10.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company's stock valued at $278,000 after acquiring an additional 414 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Ducommun by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock valued at $2,575,000 after acquiring an additional 430 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Analysts Set New Price Targets

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

Ducommun Stock Down 0.2%

DCO traded down $0.12 on Monday, hitting $70.26. The company had a trading volume of 58,007 shares, compared to its average volume of 76,712. 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 Incorporated has a 52-week low of $51.76 and a 52-week high of $70.84. The stock has a fifty day simple moving average of $60.76 and a 200-day simple moving average of $62.71. The firm has a market capitalization of $1.05 billion, a P/E ratio of 35.31 and a beta of 1.30.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 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 business had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. During the same period last year, the business posted $0.70 earnings per share. Ducommun's quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal 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.