3,772 Shares in Ducommun Incorporated (NYSE:DCO) Bought by Y Intercept Hong Kong Ltd

Key Points

• Y Intercept Hong Kong Ltd has acquired a new position in Ducommun Incorporated, purchasing 3,772 shares valued at approximately $219,000.
• Several institutional investors have increased their stakes in Ducommun, with hedge funds owning 92.15% of the company's stock.
• Ducommun's stock has received multiple buy ratings from analysts, with price targets ranging from $84.00 to $101.00.

Y Intercept Hong Kong Ltd acquired a new position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,772 shares of the aerospace company's stock, valued at approximately $219,000.

A number of other institutional investors also recently made changes to their positions in DCO. Sterling Capital Management LLC increased its holdings in shares of Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after purchasing an additional 386 shares during the period. Virtus Fund Advisers LLC bought a new position in Ducommun during the 4th quarter worth $78,000. Central Pacific Bank Trust Division raised its holdings in Ducommun by 200.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after acquiring an additional 1,000 shares in the last quarter. Parvin Asset Management LLC bought a new stake in shares of Ducommun during the 4th quarter valued at $98,000. Finally, Point72 Asset Management L.P. acquired a new stake in shares of Ducommun during the 4th quarter worth $106,000. Institutional investors own 92.15% of the company's stock.

Wall Street Analysts Forecast Growth

DCO has been the subject of several recent analyst reports. Wall Street Zen cut shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Saturday. Citigroup reiterated a "buy" rating and set a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Truist Financial boosted their price objective on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Royal Bank Of Canada raised their target price on Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a report on Thursday, July 3rd. Finally, The Goldman Sachs Group lifted their price target on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $96.25.

Ducommun Price Performance

DCO stock traded down $1.49 during trading on Friday, reaching $89.49. 166,992 shares of the company were exchanged, compared to its average volume of 144,137. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $92.57. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.34 and a quick ratio of 2.20. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 38.41 and a beta of 1.38. The company has a 50-day moving average of $81.62 and a two-hundred day moving average of $68.53.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The company had revenue of $194.11 million during the quarter, compared to the consensus estimate of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The company's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.70 earnings per share. As a group, equities analysts predict that Ducommun Incorporated will post 3.21 earnings per share 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.