Ducommun Incorporated (NYSE:DCO) Stock Position Decreased by Foundry Partners LLC

Foundry Partners LLC cut its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 9.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 99,900 shares of the aerospace company's stock after selling 9,943 shares during the period. Foundry Partners LLC owned approximately 0.68% of Ducommun worth $6,360,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the stock. ExodusPoint Capital Management LP acquired a new position in Ducommun in the fourth quarter valued at $659,000. Trexquant Investment LP boosted its position in Ducommun by 539.1% during the 4th quarter. Trexquant Investment LP now owns 39,762 shares of the aerospace company's stock worth $2,531,000 after purchasing an additional 33,540 shares during the period. Gibson Capital LLC acquired a new stake in Ducommun in the 4th quarter valued at $6,763,000. Wellington Management Group LLP boosted its position in shares of Ducommun by 41.9% in the fourth quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock worth $12,334,000 after buying an additional 57,172 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Ducommun by 1,151.0% in the fourth quarter. JPMorgan Chase & Co. now owns 75,509 shares of the aerospace company's stock valued at $4,807,000 after buying an additional 69,473 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Stock Performance

DCO traded up $0.40 during trading hours on Wednesday, hitting $53.90. 9,943 shares of the stock were exchanged, compared to its average volume of 78,759. The stock has a 50-day simple moving average of $60.67 and a 200-day simple moving average of $63.36. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 12 month low of $51.39 and a 12 month high of $70.50. The stock has a market cap of $801.18 million, a price-to-earnings ratio of 27.01 and a beta of 1.27.

Analyst Ratings Changes

A number of research firms have recently issued reports on DCO. StockNews.com upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Thursday, March 27th. Royal Bank of Canada initiated coverage on shares of Ducommun in a report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 price objective on the stock. Finally, Truist Financial lifted their target price on Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th.

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.