Connor Clark & Lunn Investment Management Ltd. Decreases Stock Position in Ducommun Incorporated (NYSE:DCO)

Connor Clark & Lunn Investment Management Ltd. lessened its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,294 shares of the aerospace company's stock after selling 4,614 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.29% of Ducommun worth $2,692,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of DCO. Central Pacific Bank Trust Division bought a new stake in Ducommun during the 4th quarter valued at approximately $32,000. Venturi Wealth Management LLC boosted its position in Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after acquiring an additional 650 shares in the last quarter. Point72 DIFC Ltd boosted its position in Ducommun by 591.2% during the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock valued at $52,000 after acquiring an additional 674 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Ducommun during the 3rd quarter valued at approximately $80,000. Finally, US Bancorp DE boosted its position in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

DCO has been the topic of several research reports. Truist Financial lifted their price objective on Ducommun from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Royal Bank of Canada initiated coverage on Ducommun in a research report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective on the stock. Finally, StockNews.com cut Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

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Ducommun Stock Down 1.0 %

Shares of DCO traded down $0.58 during mid-day trading on Friday, reaching $58.95. The company had a trading volume of 271,317 shares, compared to its average volume of 79,239. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The firm has a 50-day moving average price of $63.67 and a 200 day moving average price of $64.01. Ducommun Incorporated has a 52 week low of $48.21 and a 52 week high of $70.50. The company has a market capitalization of $876.10 million, a price-to-earnings ratio of 29.62 and a beta of 1.56.

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.