Wellington Management Group LLP Purchases 57,172 Shares of Ducommun Incorporated (NYSE:DCO)

Wellington Management Group LLP grew its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 41.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,741 shares of the aerospace company's stock after purchasing an additional 57,172 shares during the period. Wellington Management Group LLP owned approximately 1.30% of Ducommun worth $12,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in DCO. Sterling Capital Management LLC grew its holdings in shares of Ducommun by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after acquiring an additional 386 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after acquiring an additional 650 shares in the last quarter. Virtus Fund Advisers LLC acquired a new stake in shares of Ducommun during the fourth quarter valued at approximately $78,000. US Bancorp DE raised its holdings in shares of Ducommun by 49.9% during the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares during the period. Finally, Parvin Asset Management LLC purchased a new stake in shares of Ducommun in the 4th quarter valued at approximately $98,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Stock Up 1.3%

DCO stock traded up $0.97 during mid-day trading on Thursday, hitting $73.32. The stock had a trading volume of 80,125 shares, compared to its average volume of 76,830. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $73.52. The company has a fifty day moving average of $61.20 and a 200 day moving average of $62.80. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 36.85 and a beta of 1.30.

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. B. Riley restated a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price target on shares of Ducommun in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $76.00.

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.