Raymond James Financial Inc. Acquires Shares of 105,832 Ducommun Incorporated (NYSE:DCO)

Raymond James Financial Inc. purchased a new position in Ducommun Incorporated (NYSE:DCO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 105,832 shares of the aerospace company's stock, valued at approximately $6,737,000. Raymond James Financial Inc. owned about 0.72% of Ducommun as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCO. Martingale Asset Management L P lifted its position in shares of Ducommun by 57.0% during the fourth quarter. Martingale Asset Management L P now owns 34,985 shares of the aerospace company's stock worth $2,227,000 after acquiring an additional 12,707 shares in the last quarter. Renaissance Technologies LLC lifted its position in Ducommun by 25.3% during the fourth quarter. Renaissance Technologies LLC now owns 179,600 shares of the aerospace company's stock valued at $11,433,000 after purchasing an additional 36,300 shares during the last quarter. Invesco Ltd. raised its position in Ducommun by 10.3% during the fourth quarter. Invesco Ltd. now owns 135,568 shares of the aerospace company's stock valued at $8,630,000 after purchasing an additional 12,668 shares in the last quarter. Polymer Capital Management US LLC bought a new stake in Ducommun in the 4th quarter worth approximately $235,000. Finally, Integrated Quantitative Investments LLC purchased a new position in shares of Ducommun during the fourth quarter worth approximately $313,000. 92.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Ducommun Stock Performance

Shares of Ducommun stock traded up $0.10 during trading on Tuesday, hitting $56.95. 2,735 shares of the company's stock traded hands, compared to its average volume of 77,544. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $70.50. The business has a 50-day simple moving average of $57.84 and a 200-day simple moving average of $62.50. 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 stock has a market capitalization of $846.37 million, a P/E ratio of 28.62 and a beta of 1.27.

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.