Wellington Management Group LLP Has $10.97 Million Stock Position in Ducommun Incorporated $DCO

Key Points

• Wellington Management Group LLP reduced its stake in Ducommun Incorporated by 2.4%, leaving them with 189,008 shares valued at approximately $10.97 million.
• Several other hedge funds, including Vanguard Group Inc. and Royal Bank of Canada, also increased their positions in Ducommun, indicating a mixed sentiment among institutional investors.
• Ducommun's latest earnings report revealed $0.88 earnings per share, exceeding analyst estimates, and the company has an average rating of "Moderate Buy" with a consensus price target of $97.50.

Wellington Management Group LLP reduced its holdings in Ducommun Incorporated (NYSE:DCO - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 189,008 shares of the aerospace company's stock after selling 4,733 shares during the quarter. Wellington Management Group LLP owned approximately 1.27% of Ducommun worth $10,968,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Rafferty Asset Management LLC increased its position in Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after acquiring an additional 164 shares during the period. Arizona State Retirement System increased its position in Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after acquiring an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 valued at $492,000 after acquiring an additional 247 shares during the period. Tower Research Capital LLC TRC increased its position in Ducommun by 10.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company's stock valued at $278,000 after acquiring an additional 414 shares during the period. Finally, MetLife Investment Management LLC increased its position in Ducommun by 6.8% in the 4th quarter. MetLife Investment Management LLC now owns 8,191 shares of the aerospace company's stock valued at $521,000 after acquiring an additional 518 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Down 0.1%

NYSE:DCO traded down $0.06 during trading hours on Tuesday, reaching $91.16. The company had a trading volume of 102,007 shares, compared to its average volume of 110,513. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 34.66 and a beta of 1.41. The business's 50-day simple moving average is $88.90 and its two-hundred day simple moving average is $72.16. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $95.93.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. The business 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 business's quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. On average, equities analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Truist Financial increased their price objective 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. Royal Bank Of Canada increased their price objective on shares of Ducommun from $95.00 to $100.00 and gave the stock an "outperform" rating in a research report on Friday, August 8th. Finally, The Goldman Sachs Group increased their price objective 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. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $97.50.

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.