Royal Bank of Canada Increases Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Royal Bank of Canada grew its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 361,373 shares of the aerospace company's stock after acquiring an additional 27,068 shares during the period. Royal Bank of Canada owned 2.45% of Ducommun worth $23,005,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Rafferty Asset Management LLC increased its holdings in shares of Ducommun by 4.9% during the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after acquiring an additional 164 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Ducommun in the 4th quarter valued at about $106,000. ProShare Advisors LLC purchased a new stake in Ducommun in the 4th quarter valued at about $243,000. Millennium Management LLC lifted its position in shares of Ducommun by 67.2% during the 4th quarter. Millennium Management LLC now owns 22,804 shares of the aerospace company's stock worth $1,452,000 after buying an additional 9,168 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Ducommun by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock worth $492,000 after buying an additional 247 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Truist Financial set a $76.00 target price on 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 report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $76.00.

Ducommun Trading Up 0.7%

Shares of NYSE:DCO traded up $0.46 on Friday, hitting $70.32. The company had a trading volume of 15,158 shares, compared to its average volume of 76,327. The firm's 50-day simple moving average is $60.33 and its two-hundred day simple moving average is $62.76. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 35.33 and a beta of 1.30. 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 Incorporated has a 1 year low of $51.76 and a 1 year high of $72.00.

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