Ducommun Incorporated (NYSE:DCO) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV lifted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 189.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,656 shares of the aerospace company's stock after purchasing an additional 12,871 shares during the period. Mercer Global Advisors Inc. ADV owned about 0.13% of Ducommun worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in DCO. Sterling Capital Management LLC increased its holdings in 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 in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE raised its position in shares of Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after purchasing an additional 442 shares during the last quarter. R Squared Ltd purchased a new position in Ducommun in the 4th quarter valued at about $87,000. Finally, Parvin Asset Management LLC acquired a new stake in Ducommun in the 4th quarter worth about $98,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Price Performance

Shares of NYSE:DCO traded up $0.16 during midday trading on Thursday, hitting $66.41. The company had a trading volume of 18,479 shares, compared to its average volume of 76,199. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $70.50. The stock has a market cap of $988.00 million, a price-to-earnings ratio of 33.35 and a beta of 1.30. 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 business's 50-day simple moving average is $58.36 and its 200-day simple moving average is $62.35.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Truist Financial set a $76.00 price objective on Ducommun in a research note on Wednesday, May 7th. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. Finally, B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $76.00.

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.