Trexquant Investment LP Lowers Stock Position in Ducommun Incorporated $DCO

Trexquant Investment LP reduced its stake in shares of Ducommun Incorporated (NYSE:DCO) by 32.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,880 shares of the aerospace company’s stock after selling 12,882 shares during the period. Trexquant Investment LP owned 0.18% of Ducommun worth $1,560,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Rafferty Asset Management LLC lifted its holdings in Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after purchasing an additional 164 shares in the last quarter. Arizona State Retirement System lifted its holdings in Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock worth $221,000 after purchasing an additional 176 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ducommun by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock worth $492,000 after purchasing an additional 247 shares in the last quarter. Martingale Asset Management L P lifted its holdings in Ducommun by 0.9% in the 1st quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company’s stock worth $2,048,000 after purchasing an additional 301 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Ducommun by 19.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,297 shares of the aerospace company’s stock worth $338,000 after purchasing an additional 846 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DCO has been the topic of a number of research analyst reports. Zacks Research raised Ducommun to a “hold” rating in a report on Monday, August 11th. The Goldman Sachs Group boosted their price target on Ducommun from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Monday, June 23rd. Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 10th. Royal Bank Of Canada boosted their price target on Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Finally, Truist Financial upped their price objective on Ducommun from $87.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $97.50.

Ducommun Stock Down 0.9%

Shares of DCO opened at $90.57 on Friday. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 34.44 and a beta of 1.41. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $95.93. The business’s 50 day simple moving average is $89.27 and its 200-day simple moving average is $72.68. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $202.26 million for the quarter, compared to analysts’ expectations of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The company’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.52 EPS. As a group, equities analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

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.