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

Royal Bank of Canada raised its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 361,373 shares of the aerospace company's stock after purchasing an additional 27,068 shares during the period. Royal Bank of Canada owned 2.45% of Ducommun worth $23,005,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of DCO. Barclays PLC boosted its holdings in Ducommun by 137.2% in 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 period. R Squared Ltd bought a new stake in shares of Ducommun during the 4th quarter worth $87,000. Van ECK Associates Corp lifted its holdings in shares of Ducommun by 216.7% during the 4th quarter. Van ECK Associates Corp now owns 20,950 shares of the aerospace company's stock worth $1,334,000 after acquiring an additional 14,334 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of 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 last quarter. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Ducommun by 21.2% during the 4th quarter. Rice Hall James & Associates LLC now owns 61,418 shares of the aerospace company's stock worth $3,910,000 after acquiring an additional 10,746 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Truist Financial set a $76.00 price objective on shares of Ducommun in a report on Wednesday, May 7th. B. Riley reaffirmed a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating 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, Ducommun currently has a consensus rating of "Buy" and a consensus target price of $76.00.

Ducommun Trading Up 0.6%

NYSE:DCO traded up $0.41 during trading hours on Thursday, reaching $69.86. The company's stock had a trading volume of 48,947 shares, compared to its average volume of 76,394. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 35.10 and a beta of 1.30. The firm has a 50-day simple moving average of $60.33 and a 200-day simple moving average of $62.76. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $70.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.63 by $0.20. The company had revenue of $194.11 million for the quarter, compared to analysts' expectations of $192.30 million. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.70 EPS. Research analysts expect 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.