Trexquant Investment LP Sells 12,882 Shares of Ducommun Incorporated $DCO

Key Points

• Trexquant Investment LP has reduced its stake in Ducommun Incorporated by 32.4%, leaving it with 26,880 shares valued at approximately $1.56 million.
• Several large investors, including Rafferty Asset Management LLC and Arizona State Retirement System, have increased their holdings in Ducommun, reflecting a trend among institutional investors.
• Ducommun recently posted $0.88 earnings per share for the quarter, surpassing analysts' expectations, and its stock has an average rating of "Moderate Buy" from equity research analysts.

Trexquant Investment LP lowered its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 32.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 26,880 shares of the aerospace company's stock after selling 12,882 shares during the period. Trexquant Investment LP owned about 0.18% of Ducommun worth $1,560,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of DCO. Nuveen LLC bought a new position in shares of Ducommun during the first quarter valued at $5,097,000. LPL Financial LLC bought a new position in shares of Ducommun during the first quarter valued at $5,052,000. Wellington Management Group LLP raised its holdings in Ducommun by 41.9% during the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock worth $12,334,000 after purchasing an additional 57,172 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Ducommun during the 4th quarter worth approximately $3,196,000. Finally, Phocas Financial Corp. boosted its stake in shares of Ducommun by 72.8% in the 4th quarter. Phocas Financial Corp. now owns 88,763 shares of the aerospace company's stock valued at $5,651,000 after purchasing an additional 37,400 shares during the last quarter. Institutional investors own 92.15% of the company's stock.

Ducommun Stock Up 1.2%

DCO stock traded up $1.05 during midday trading on Monday, reaching $91.50. 83,275 shares of the company's stock traded hands, compared to its average volume of 101,312. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 34.79 and a beta of 1.41. The firm's fifty day moving average price is $89.45 and its 200-day moving average price is $73.03. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $95.93.

Ducommun (NYSE:DCO - Get Free Report) last announced 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. The company had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.Ducommun's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.52 earnings per share. As a group, sell-side analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. The Goldman Sachs Group lifted their target price on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a report on Monday, June 23rd. Royal Bank Of Canada lifted their target price on Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Zacks Research upgraded shares of Ducommun to a "hold" rating in a research note on Monday, August 11th. Finally, Truist Financial lifted their price objective 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Ducommun currently has a consensus rating of "Moderate Buy" and an average price target of $97.50.

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.