AlphaQuest LLC Buys 5,208 Shares of Ducommun Incorporated (NYSE:DCO)

AlphaQuest LLC lifted its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 32,550.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,224 shares of the aerospace company's stock after purchasing an additional 5,208 shares during the quarter. AlphaQuest LLC's holdings in Ducommun were worth $333,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC increased its stake in Ducommun by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company's stock worth $20,458,000 after acquiring an additional 1,610 shares during the last quarter. Wellington Management Group LLP purchased a new stake in Ducommun during the third quarter valued at $8,990,000. Raymond James Financial Inc. bought a new position in Ducommun during the fourth quarter valued at $6,737,000. Franklin Resources Inc. grew its stake in shares of Ducommun by 13.4% in the 3rd quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company's stock worth $5,023,000 after buying an additional 9,187 shares in the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in shares of Ducommun by 21.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 61,418 shares of the aerospace company's stock worth $3,910,000 after buying an additional 10,746 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.3 %

Shares of DCO traded down $0.19 during mid-day trading on Tuesday, reaching $59.51. 49,551 shares of the company's stock traded hands, compared to its average volume of 78,522. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The stock's 50-day moving average is $63.96 and its two-hundred day moving average is $64.11. Ducommun Incorporated has a 12 month low of $48.21 and a 12 month high of $70.50. The stock has a market cap of $881.57 million, a P/E ratio of 29.91 and a beta of 1.56.

Remove Ads

Analyst Ratings Changes

Several research firms recently commented on DCO. Truist Financial lifted their price target on Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. StockNews.com cut Ducommun from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada began coverage on shares of Ducommun in a research note on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective for the company.

Ducommun 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.