D. E. Shaw & Co. Inc. Takes $3.20 Million Position in Ducommun Incorporated (NYSE:DCO)

D. E. Shaw & Co. Inc. bought a new stake in Ducommun Incorporated (NYSE:DCO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 50,201 shares of the aerospace company’s stock, valued at approximately $3,196,000.

A number of other large investors have also modified their holdings of the stock. Sterling Capital Management LLC grew its stake in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 386 shares in the last quarter. Venturi Wealth Management LLC grew its stake in Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 650 shares in the last quarter. US Bancorp DE grew its stake in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock valued at $84,000 after purchasing an additional 442 shares in the last quarter. R Squared Ltd acquired a new stake in Ducommun during the 4th quarter valued at approximately $87,000. Finally, Parvin Asset Management LLC acquired a new stake in Ducommun during the 4th quarter valued at approximately $98,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Up 0.4%

NYSE:DCO opened at $68.03 on Monday. 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 business’s 50 day moving average is $58.91 and its two-hundred day moving average is $62.46. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $70.50. The company has a market cap of $1.01 billion, a PE ratio of 34.19 and a beta of 1.30.

Ducommun (NYSE:DCO) last released its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, topping 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 company had revenue of $194.11 million for the quarter, compared to the consensus estimate of $192.30 million. During the same quarter last year, the business posted $0.70 EPS. Ducommun’s quarterly revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Ducommun Incorporated will post 3.21 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DCO. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 7th. Truist Financial set a $76.00 price objective on Ducommun in a research note on Wednesday, May 7th. Finally, B. Riley restated a “buy” rating on shares of Ducommun in a research note on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Ducommun has an average rating of “Buy” and an average price target of $76.00.

About Ducommun

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.