Oberweis Asset Management Inc. Makes New Investment in Ducommun Incorporated (NYSE:DCO)

Oberweis Asset Management Inc. acquired a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 95,700 shares of the aerospace company's stock, valued at approximately $6,092,000. Oberweis Asset Management Inc. owned about 0.65% of Ducommun at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC acquired a new position in shares of Ducommun during the 4th quarter worth $383,000. Barclays PLC raised its stake in 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 in the last quarter. New York State Common Retirement Fund lifted its holdings 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Ducommun in the 4th quarter valued at approximately $6,737,000. Finally, Annex Advisory Services LLC grew its holdings in shares of Ducommun by 37.6% during the 4th quarter. Annex Advisory Services LLC now owns 37,411 shares of the aerospace company's stock valued at $2,382,000 after purchasing an additional 10,228 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Trading Down 0.5 %

Shares of NYSE DCO traded down $0.31 during trading on Monday, reaching $56.79. The company had a trading volume of 41,994 shares, compared to its average volume of 76,643. Ducommun Incorporated has a 12 month low of $51.76 and a 12 month high of $70.50. 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 stock has a market cap of $844.07 million, a P/E ratio of 28.54 and a beta of 1.27. The company's fifty day moving average price is $57.95 and its 200-day moving average price is $62.55.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DCO shares. StockNews.com lowered shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Royal Bank of Canada started coverage on Ducommun in a report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective on the stock. Finally, Truist Financial lowered their target price on Ducommun from $82.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, April 17th.

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.