New York State Common Retirement Fund Acquires 4,932 Shares of Ducommun Incorporated (NYSE:DCO)

New York State Common Retirement Fund boosted its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 44.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,014 shares of the aerospace company's stock after buying an additional 4,932 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Ducommun worth $1,019,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Rice Hall James & Associates LLC increased its stake in Ducommun by 21.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 61,418 shares of the aerospace company's stock valued at $3,910,000 after purchasing an additional 10,746 shares during the last quarter. Venturi Wealth Management LLC increased its position in Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after purchasing an additional 650 shares during the period. Van ECK Associates Corp raised its position in Ducommun by 216.7% in the fourth quarter. Van ECK Associates Corp now owns 20,950 shares of the aerospace company's stock worth $1,334,000 after acquiring an additional 14,334 shares in the last quarter. R Squared Ltd purchased a new position in shares of Ducommun in the 4th quarter valued at about $87,000. Finally, ARS Investment Partners LLC acquired a new position in Ducommun during the fourth quarter worth $204,000. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Price Performance

NYSE DCO traded down $0.65 on Friday, reaching $56.82. The company's stock had a trading volume of 20,276 shares, compared to its average volume of 76,387. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $64.52 and a 200 day moving average price of $64.39. Ducommun Incorporated has a 52 week low of $48.21 and a 52 week high of $70.50. The firm has a market cap of $841.67 million, a PE ratio of 28.55 and a beta of 1.56.

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Analyst Ratings Changes

DCO has been the topic of a number of analyst reports. Truist Financial increased their price objective on Ducommun from $80.00 to $82.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. StockNews.com downgraded Ducommun from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada started coverage on Ducommun in a research report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective for the company.

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.