Voya Investment Management LLC Reduces Position in Ducommun Incorporated (NYSE:DCO)

Voya Investment Management LLC lessened its stake in shares of Ducommun Incorporated (NYSE:DCO) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,350 shares of the aerospace company’s stock after selling 376 shares during the period. Voya Investment Management LLC’s holdings in Ducommun were worth $277,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Barclays PLC increased its stake in shares of Ducommun by 137.2% in the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after acquiring an additional 30,873 shares during the period. Franklin Resources Inc. boosted its holdings 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 purchasing an additional 9,187 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Ducommun by 49.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 16,736 shares of the aerospace company’s stock worth $1,065,000 after purchasing an additional 5,554 shares during the period. Annex Advisory Services LLC grew its position in Ducommun by 37.6% during the 4th quarter. Annex Advisory Services LLC now owns 37,411 shares of the aerospace company’s stock worth $2,382,000 after purchasing an additional 10,228 shares during the period. Finally, ARS Investment Partners LLC purchased a new position in shares of Ducommun during the 4th quarter valued at about $204,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Up 1.7%

DCO opened at $66.32 on Tuesday. The company has a fifty day moving average of $58.19 and a two-hundred day moving average of $62.32. The stock has a market capitalization of $986.74 million, a price-to-earnings ratio of 33.33 and a beta of 1.30. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $70.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. B. Riley reissued a “buy” rating on shares of Ducommun in a report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 price objective on Ducommun in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company 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.