Invesco Ltd. Acquires 12,668 Shares of Ducommun Incorporated (NYSE:DCO)

Invesco Ltd. lifted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 10.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,568 shares of the aerospace company's stock after acquiring an additional 12,668 shares during the period. Invesco Ltd. owned approximately 0.92% of Ducommun worth $8,630,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DCO. Barclays PLC raised its position in shares of Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock valued at $3,514,000 after acquiring an additional 30,873 shares during the period. Geode Capital Management LLC raised its position in shares of Ducommun by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company's stock valued at $20,458,000 after acquiring an additional 1,610 shares during the period. Virtu Financial LLC acquired a new stake in Ducommun during the 3rd quarter worth approximately $204,000. Franklin Resources Inc. lifted its stake in Ducommun by 13.4% in the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company's stock valued at $5,023,000 after buying an additional 9,187 shares in the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Ducommun in the fourth quarter valued at approximately $32,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Down 0.1 %

NYSE:DCO traded down $0.04 on Tuesday, hitting $56.82. 2,509 shares of the company's stock were exchanged, compared to its average volume of 76,349. The firm has a 50-day moving average price of $57.84 and a 200-day moving average price of $62.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $70.50. The company has a market cap of $844.44 million, a P/E ratio of 28.55 and a beta of 1.27.

Analysts Set New Price Targets

Several equities research analysts recently commented on DCO shares. StockNews.com cut shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Truist Financial cut their price objective on shares of Ducommun from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Finally, Royal Bank of Canada started coverage on shares of Ducommun in a research report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 price objective on the stock.

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.