Russell Investments Group Ltd. Sells 495 Shares of Ducommun Incorporated (NYSE:DCO)

Russell Investments Group Ltd. trimmed its stake in Ducommun Incorporated (NYSE:DCO) by 6.4% during the 4th quarter, Holdings Channel reports. The firm owned 7,255 shares of the aerospace company’s stock after selling 495 shares during the quarter. Russell Investments Group Ltd.’s holdings in Ducommun were worth $378,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DCO. Paradigm Capital Management Inc. NY increased its position in shares of Ducommun by 33.0% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,420,200 shares of the aerospace company’s stock worth $61,793,000 after purchasing an additional 352,185 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Ducommun by 106.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 178,273 shares of the aerospace company’s stock valued at $7,757,000 after acquiring an additional 92,007 shares during the last quarter. First Eagle Investment Management LLC grew its position in Ducommun by 37.3% during the third quarter. First Eagle Investment Management LLC now owns 247,689 shares of the aerospace company’s stock valued at $10,777,000 after acquiring an additional 67,226 shares during the last quarter. Vanguard Group Inc. grew its position in Ducommun by 8.1% during the third quarter. Vanguard Group Inc. now owns 723,575 shares of the aerospace company’s stock valued at $31,483,000 after acquiring an additional 54,228 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in Ducommun by 17.4% during the third quarter. Kennedy Capital Management LLC now owns 172,281 shares of the aerospace company’s stock valued at $7,496,000 after acquiring an additional 25,500 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on DCO. Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Ducommun in a research report on Friday, February 16th. Truist Financial reduced their price target on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. The Goldman Sachs Group raised their target price on shares of Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Finally, B. Riley restated a “buy” rating and issued a $72.00 target price on shares of Ducommun in a report on Friday, February 16th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $65.20.

Ducommun Stock Performance

Shares of DCO stock opened at $58.09 on Thursday. The stock has a fifty day moving average of $53.38 and a 200 day moving average of $51.27. Ducommun Incorporated has a 52 week low of $40.24 and a 52 week high of $60.00. The firm has a market capitalization of $855.08 million, a price-to-earnings ratio of 48.59 and a beta of 1.26. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The company had revenue of $190.90 million during the quarter, compared to analyst estimates of $189.20 million. During the same quarter last year, the firm posted $0.63 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. As a group, research analysts expect that Ducommun Incorporated will post 2.77 earnings per share for the current year.

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.