Ducommun Incorporated (NYSE:DCO) Stake Raised by Martingale Asset Management L P

Martingale Asset Management L P boosted its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 34,985 shares of the aerospace company's stock after purchasing an additional 12,707 shares during the quarter. Martingale Asset Management L P owned approximately 0.24% of Ducommun worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its stake in shares of Ducommun by 12.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $146,000 after buying an additional 261 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 430 shares during the period. US Bancorp DE raised its stake in shares of 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 buying an additional 442 shares during the period. Central Pacific Bank Trust Division bought a new stake in Ducommun during the fourth quarter valued at about $32,000. Finally, Venturi Wealth Management LLC boosted 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 last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. 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. StockNews.com cut shares of Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Tuesday. Finally, Royal Bank of Canada began coverage on Ducommun in a research note on Tuesday, December 31st. They issued an "outperform" rating and a $72.00 target price for the company.

Ducommun Trading Down 0.9 %

Shares of DCO stock traded down $0.52 during mid-day trading on Wednesday, hitting $56.13. 11,531 shares of the company's stock were exchanged, compared to its average volume of 77,428. The stock has a market cap of $834.26 million, a price-to-earnings ratio of 28.21 and a beta of 1.27. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The stock has a 50-day simple moving average of $59.29 and a two-hundred day simple moving average of $63.04. Ducommun Incorporated has a fifty-two week low of $51.39 and a fifty-two week high of $70.50.

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.