Trexquant Investment LP Cuts Stock Holdings in 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 decreased its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 32.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in Ducommun by 2.5% during the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company's stock valued at $44,532,000 after purchasing an additional 18,436 shares during the period. Gamco Investors INC. ET AL lifted its position in Ducommun by 1.1% during the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company's stock valued at $34,138,000 after purchasing an additional 6,572 shares during the period. Royal Bank of Canada lifted its position in Ducommun by 8.1% during the fourth quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock valued at $23,005,000 after purchasing an additional 27,068 shares during the period. Wellington Management Group LLP lifted its position in Ducommun by 41.9% during the fourth quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after purchasing an additional 57,172 shares during the period. Finally, Diamond Hill Capital Management Inc. lifted its position in Ducommun by 7.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 173,248 shares of the aerospace company's stock valued at $10,054,000 after purchasing an additional 11,263 shares during the period. Institutional investors own 92.15% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on DCO shares. Citigroup restated a "buy" rating and set a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Zacks Research upgraded shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. The Goldman Sachs Group increased their price target on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Truist Financial increased their price target on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $97.50.

Ducommun Price Performance

Shares of NYSE DCO traded up $2.10 during midday trading on Thursday, reaching $93.29. The stock had a trading volume of 130,066 shares, compared to its average volume of 97,773. The stock has a 50-day moving average of $89.91 and a 200-day moving average of $73.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 35.47 and a beta of 1.41. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $95.93.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. The firm had revenue of $202.26 million during the quarter, compared to analysts' expectations of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.52 earnings per share. As a group, research analysts anticipate 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.