Intech Investment Management LLC Invests $383,000 in Ducommun Incorporated (NYSE:DCO)

Intech Investment Management LLC purchased a new position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,020 shares of the aerospace company's stock, valued at approximately $383,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of DCO. FMR LLC boosted its stake in shares of 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 buying an additional 13,989 shares during the period. Wellington Management Group LLP purchased a new stake in Ducommun during the 3rd quarter valued at approximately $8,990,000. Barclays PLC lifted its position in Ducommun by 137.2% during the 3rd 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 during the period. Jane Street Group LLC grew its stake in shares of Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company's stock valued at $2,281,000 after purchasing an additional 20,240 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in shares of Ducommun by 44.5% in the 4th quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company's stock valued at $1,019,000 after purchasing an additional 4,932 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a report on Thursday. Truist Financial raised their target price on shares of Ducommun from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada began coverage on shares of Ducommun in a report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 target price on the stock.

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Ducommun Price Performance

Shares of Ducommun stock traded down $1.26 during trading on Friday, reaching $58.60. The company's stock had a trading volume of 91,393 shares, compared to its average volume of 81,347. The business has a 50 day moving average price of $62.75 and a 200-day moving average price of $63.86. Ducommun Incorporated has a 12-month low of $48.21 and a 12-month high of $70.50. The company has a market capitalization of $871.02 million, a P/E ratio of 29.45 and a beta of 1.56. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

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.