6,020 Shares in Ducommun Incorporated (NYSE:DCO) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in Ducommun Incorporated (NYSE:DCO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 6,020 shares of the aerospace company’s stock, valued at approximately $383,000.

Other large investors have also recently modified their holdings of the company. FMR LLC increased its holdings in Ducommun by 46.1% in the third quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after purchasing an additional 13,989 shares during the period. Wellington Management Group LLP bought a new stake in shares of Ducommun in the 3rd quarter valued at about $8,990,000. Barclays PLC raised its position in shares of Ducommun by 137.2% during 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 last quarter. Jane Street Group LLC lifted its stake in shares of Ducommun by 140.4% in the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after acquiring an additional 20,240 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in shares of Ducommun by 44.5% in the fourth quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company’s stock worth $1,019,000 after acquiring an additional 4,932 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of DCO opened at $59.51 on Wednesday. The firm has a market cap of $884.50 million, a PE ratio of 29.90 and a beta of 1.56. Ducommun Incorporated has a 52-week low of $48.21 and a 52-week high of $70.50. The business’s 50 day moving average price is $63.29 and its two-hundred day moving average price is $63.94. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

Analysts Set New Price Targets

Several research firms have issued reports on DCO. StockNews.com lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Truist Financial increased their price objective on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada assumed coverage on shares of Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price on the stock.

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.