Virtus Investment Advisers Inc. Acquires Shares of 12,600 Ducommun Incorporated (NYSE:DCO)

Virtus Investment Advisers Inc. purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,600 shares of the aerospace company's stock, valued at approximately $802,000. Virtus Investment Advisers Inc. owned approximately 0.09% of Ducommun at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DCO. Sterling Capital Management LLC grew its stake in Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE grew its stake in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after purchasing an additional 442 shares in the last quarter. R Squared Ltd purchased a new position in Ducommun in the fourth quarter valued at about $87,000. Finally, Parvin Asset Management LLC purchased a new position in Ducommun in the fourth quarter valued at about $98,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

DCO has been the subject of several recent analyst reports. Truist Financial set a $76.00 price target on Ducommun in a research note on Wednesday, May 7th. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $76.00.

Ducommun Stock Performance

Shares of NYSE DCO traded down $0.73 during trading hours on Thursday, hitting $67.40. 75,666 shares of the company's stock were exchanged, compared to its average volume of 76,513. 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 current ratio of 3.21 and a quick ratio of 2.16. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 33.87 and a beta of 1.30. The company's 50-day moving average price is $59.60 and its 200-day moving average price is $62.68.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. The business had revenue of $194.11 million during the quarter, compared to analysts' expectations of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The firm's revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, sell-side analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

About Ducommun

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.