Posted by admin on Aug 12th, 2022
Los Angeles Capital Management LLC cut its stake in shares of Ducommun Incorporated (NYSE:DCO – Get Rating) by 9.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,268 shares of the aerospace company’s stock after selling 2,127 shares during the quarter. Los Angeles Capital Management LLC owned about 0.18% of Ducommun worth $1,114,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of DCO. Allspring Global Investments Holdings LLC purchased a new position in Ducommun in the 4th quarter worth about $329,000. Oppenheimer Asset Management Inc. purchased a new position in shares of Ducommun during the fourth quarter valued at approximately $489,000. Waypoint Capital Advisors LLC purchased a new stake in Ducommun in the fourth quarter worth approximately $720,000. Royce & Associates LP grew its position in Ducommun by 1.8% in the 4th quarter. Royce & Associates LP now owns 428,415 shares of the aerospace company’s stock worth $20,037,000 after purchasing an additional 7,500 shares during the period. Finally, Victory Capital Management Inc. raised its stake in Ducommun by 13.5% during the 4th quarter. Victory Capital Management Inc. now owns 39,833 shares of the aerospace company’s stock valued at $1,863,000 after buying an additional 4,734 shares during the last quarter. Hedge funds and other institutional investors own 84.20% of the company’s stock.
DCO has been the subject of several research analyst reports. Truist Financial cut their price objective on Ducommun from $72.00 to $63.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. StockNews.com lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 9th. Finally, B. Riley increased their price target on shares of Ducommun from $68.00 to $72.00 in a research report on Wednesday, May 4th.
Ducommun stock opened at $48.02 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.79 and a quick ratio of 1.93. The firm’s 50 day moving average price is $44.52 and its 200-day moving average price is $47.37. Ducommun Incorporated has a 1 year low of $40.00 and a 1 year high of $58.18. The stock has a market cap of $579.75 million, a P/E ratio of 4.43 and a beta of 1.26.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, 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.
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