Royal Bank of Canada Sells 20,242 Shares of Ducommun Incorporated $DCO

Royal Bank of Canada trimmed its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 5.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,131 shares of the aerospace company's stock after selling 20,242 shares during the quarter. Royal Bank of Canada owned 2.29% of Ducommun worth $19,796,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DCO. Rafferty Asset Management LLC raised its stake in Ducommun by 4.9% during the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock worth $222,000 after purchasing an additional 164 shares during the period. Arizona State Retirement System increased its position in shares of Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock worth $221,000 after purchasing an additional 176 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position 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 purchasing an additional 247 shares during the last quarter. Martingale Asset Management L P boosted its holdings in shares of Ducommun by 0.9% in the 1st quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company's stock valued at $2,048,000 after buying an additional 301 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Ducommun by 19.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,297 shares of the aerospace company's stock valued at $338,000 after buying an additional 846 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on DCO shares. Truist Financial boosted their target price on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Zacks Research upgraded shares of Ducommun to a "hold" rating in a report on Monday, August 11th. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Citigroup reissued a "buy" rating and issued a $101.00 target price (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Finally, Royal Bank Of Canada upped their price objective on shares of Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $97.50.

Ducommun Trading Down 0.1%

Shares of NYSE DCO traded down $0.12 during mid-day trading on Friday, hitting $93.10. The company's stock had a trading volume of 109,382 shares, compared to its average volume of 100,043. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 35.40 and a beta of 1.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. Ducommun Incorporated has a one year low of $51.76 and a one year high of $95.93. The company's fifty day simple moving average is $90.08 and its 200-day simple moving average is $73.80.

Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. During the same quarter last year, the firm earned $0.52 EPS. The company's revenue for the quarter was up 2.7% on a year-over-year basis. On average, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share 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.