JPMorgan Chase & Co. Grows Holdings in Ducommun Incorporated (NYSE:DCO)

JPMorgan Chase & Co. raised its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 1,151.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 75,509 shares of the aerospace company's stock after buying an additional 69,473 shares during the quarter. JPMorgan Chase & Co. owned about 0.51% of Ducommun worth $4,807,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock worth $146,000 after acquiring an additional 261 shares during the period. Bank of New York Mellon Corp lifted its stake in Ducommun by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock worth $2,575,000 after purchasing an additional 430 shares during the last quarter. US Bancorp DE lifted its stake in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after purchasing an additional 442 shares during the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Ducommun during the fourth quarter worth approximately $32,000. Finally, Venturi Wealth Management LLC increased its position in shares of Ducommun by 833.3% during the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after acquiring an additional 650 shares during the period. Institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. StockNews.com lowered shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Royal Bank of Canada assumed coverage on Ducommun in a report on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 price target for the company. Finally, Truist Financial lowered their price target on shares of Ducommun from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, April 17th.

Ducommun Stock Up 0.1 %

Shares of NYSE DCO traded up $0.05 during midday trading on Thursday, hitting $55.96. 2,879 shares of the company's stock were exchanged, compared to its average volume of 76,737. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month 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 company has a market cap of $831.66 million, a PE ratio of 28.12 and a beta of 1.27. The firm's fifty day simple moving average is $58.19 and its 200-day simple moving average is $62.65.

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.