Royce & Associates LP Increases Stock Position in Ducommun Incorporated (NYSE:DCO)

Royce & Associates LP raised its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 234,991 shares of the aerospace company's stock after purchasing an additional 10,700 shares during the quarter. Royce & Associates LP owned 1.59% of Ducommun worth $14,960,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. FMR LLC boosted its holdings in Ducommun by 46.1% during the third quarter. FMR LLC now owns 44,331 shares of the aerospace company's stock worth $2,918,000 after purchasing an additional 13,989 shares during the last quarter. Wellington Management Group LLP purchased a new position in shares of Ducommun in the 3rd quarter worth approximately $8,990,000. Barclays PLC increased 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 valued at $3,514,000 after acquiring an additional 30,873 shares during the last quarter. Jane Street Group LLC increased its position in shares of Ducommun by 140.4% during the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company's stock valued at $2,281,000 after acquiring an additional 20,240 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in 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 purchasing an additional 4,932 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank of Canada assumed coverage on Ducommun in a research note on Tuesday, December 31st. They set an "outperform" rating and a $72.00 target price on the stock. Truist Financial lifted 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, StockNews.com downgraded shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 28th.

Ducommun Stock Performance

Shares of DCO traded down $0.58 during mid-day trading on Friday, hitting $58.95. The stock had a trading volume of 271,317 shares, compared to its average volume of 79,239. Ducommun Incorporated has a 52 week low of $48.21 and a 52 week high of $70.50. 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 business has a fifty day moving average price of $63.67 and a 200-day moving average price of $64.01. The firm has a market cap of $876.10 million, a P/E ratio of 29.62 and a beta of 1.56.

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.