Y Intercept Hong Kong Ltd Acquires Shares of 3,772 Ducommun Incorporated (NYSE:DCO)

Y Intercept Hong Kong Ltd acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) in the first quarter, Holdings Channel.com reports. The firm acquired 3,772 shares of the aerospace company’s stock, valued at approximately $219,000.

A number of other institutional investors have also modified their holdings of the stock. American Century Companies Inc. grew its position in shares of Ducommun by 4.5% during the 4th quarter. American Century Companies Inc. now owns 26,992 shares of the aerospace company’s stock valued at $1,718,000 after acquiring an additional 1,153 shares during the period. KLP Kapitalforvaltning AS acquired a new stake in shares of Ducommun during the 4th quarter valued at about $146,000. JPMorgan Chase & Co. grew its position in shares of Ducommun by 1,151.0% during the 4th quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company’s stock valued at $4,807,000 after acquiring an additional 69,473 shares during the period. Wellington Management Group LLP grew its position in shares of Ducommun by 41.9% during the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company’s stock valued at $12,334,000 after acquiring an additional 57,172 shares during the period. Finally, Trexquant Investment LP grew its position in shares of Ducommun by 539.1% during the 4th quarter. Trexquant Investment LP now owns 39,762 shares of the aerospace company’s stock valued at $2,531,000 after acquiring an additional 33,540 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Trading Up 0.9%

DCO stock opened at $91.58 on Thursday. The company has a current ratio of 3.34, a quick ratio of 2.20 and a debt-to-equity ratio of 0.33. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $92.57. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 39.30 and a beta of 1.36. The business’s 50-day moving average is $80.71 and its 200 day moving average is $68.20.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. Ducommun had a return on equity of 7.61% and a net margin of 4.45%. The company had revenue of $194.11 million for the quarter, compared to analysts’ expectations of $192.30 million. During the same period in the previous year, the firm posted $0.70 EPS. Ducommun’s revenue was up 1.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on DCO shares. B. Riley restated a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. The Goldman Sachs Group raised their target price on Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Citigroup restated a “buy” rating and set a $101.00 target price (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Royal Bank Of Canada raised their target price on Ducommun from $72.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, July 3rd. Finally, Truist Financial raised their target price on Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Five investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $96.25.

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.