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

ProShare Advisors LLC bought a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,823 shares of the aerospace company's stock, valued at approximately $243,000.

A number of other large investors have also recently made changes to their positions in the company. Sterling Capital Management LLC lifted its position in 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 during the period. Venturi Wealth Management LLC lifted its position in Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after acquiring an additional 650 shares during the period. US Bancorp DE lifted its position in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after acquiring an additional 442 shares during the period. Parvin Asset Management LLC acquired a new stake in Ducommun during the 4th quarter worth approximately $98,000. Finally, Aquatic Capital Management LLC lifted its position in Ducommun by 59.4% during the 4th quarter. Aquatic Capital Management LLC now owns 2,232 shares of the aerospace company's stock worth $142,000 after acquiring an additional 832 shares during the period. 92.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DCO. B. Riley reissued a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, Truist Financial set a $76.00 target price on Ducommun in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Ducommun presently has an average rating of "Buy" and an average price target of $76.00.

Ducommun Price Performance

NYSE DCO traded up $0.94 during mid-day trading on Wednesday, hitting $72.40. The stock had a trading volume of 75,341 shares, compared to its average volume of 76,816. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $73.10. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 36.38 and a beta of 1.30. The company has a 50 day simple moving average of $61.20 and a 200 day simple moving average of $62.80. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

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

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.