UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 6,866 Shares of Ducommun Incorporated (NYSE:DCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 36.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,456 shares of the aerospace company's stock after acquiring an additional 6,866 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.17% of Ducommun worth $1,621,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC raised its stake in shares of Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after buying an additional 386 shares in the last quarter. Venturi Wealth Management LLC increased its position in Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after buying an additional 650 shares in the last quarter. Virtus Fund Advisers LLC purchased a new stake in Ducommun in the 4th quarter worth approximately $78,000. US Bancorp DE boosted its position in shares of Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after acquiring an additional 442 shares during the last quarter. Finally, Parvin Asset Management LLC acquired a new position in Ducommun in the fourth quarter valued at $98,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Stock Up 2.4%

Ducommun stock traded up $1.76 during midday trading on Thursday, reaching $76.38. The stock had a trading volume of 87,564 shares, compared to its average volume of 78,038. The stock has a market capitalization of $1.14 billion, a P/E ratio of 38.38 and a beta of 1.33. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $76.66. The firm's fifty day simple moving average is $63.16 and its 200-day simple moving average is $63.15. 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 announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.63 by $0.20. The company had revenue of $194.11 million during 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%. Ducommun's quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.70 earnings per share. As a group, analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DCO. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Truist Financial boosted their price target on Ducommun from $76.00 to $87.00 and gave the company a "buy" rating in a research note on Thursday. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $79.67.

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.