UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 6,866 Shares of Ducommun Incorporated (NYSE:DCO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 36.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 25,456 shares of the aerospace company’s stock after buying an additional 6,866 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Ducommun were worth $1,621,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Rafferty Asset Management LLC boosted its holdings in Ducommun by 4.9% during the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after acquiring an additional 164 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Ducommun by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock valued at $492,000 after purchasing an additional 247 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in Ducommun by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock worth $146,000 after purchasing an additional 261 shares during the last quarter. Sterling Capital Management LLC grew its position 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 purchasing an additional 386 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Ducommun by 10.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company’s stock worth $278,000 after purchasing an additional 414 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of NYSE:DCO opened at $73.58 on Monday. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $73.99. The company has a 50-day moving average price of $62.09 and a two-hundred day moving average price of $62.94. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $1.09 billion, a PE ratio of 36.98 and a beta of 1.33.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a net margin of 3.82% and a return on equity of 7.40%. Ducommun’s revenue was up 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.70 earnings per share. Equities analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Truist Financial set a $76.00 target price on Ducommun in a research note on Wednesday, May 7th. B. Riley reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, May 7th. Finally, Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $76.00.

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.