Raymond James Financial Inc. Invests $6.74 Million in Ducommun Incorporated (NYSE:DCO)

Raymond James Financial Inc. purchased a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 105,832 shares of the aerospace company's stock, valued at approximately $6,737,000. Raymond James Financial Inc. owned 0.72% of Ducommun at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division purchased a new stake in shares of Ducommun in the 4th quarter valued at about $32,000. Venturi Wealth Management LLC raised its stake in Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock valued at $46,000 after purchasing an additional 650 shares in the last quarter. Point72 DIFC Ltd lifted its position in Ducommun by 591.2% during the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock valued at $52,000 after purchasing an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in Ducommun in the 3rd quarter worth approximately $80,000. Finally, US Bancorp DE increased its holdings in shares of Ducommun by 49.9% in the 4th 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 last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.1 %

DCO stock traded down $0.04 during trading on Thursday, hitting $59.75. 52,886 shares of the company traded hands, compared to its average volume of 79,250. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The company has a 50-day moving average of $63.12 and a 200-day moving average of $63.92. The firm has a market capitalization of $888.09 million, a PE ratio of 30.03 and a beta of 1.56. Ducommun Incorporated has a 1 year low of $48.21 and a 1 year high of $70.50.

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Wall Street Analysts Forecast Growth

A number of research firms recently commented on DCO. StockNews.com cut Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 28th. Truist Financial raised their price objective on Ducommun from $80.00 to $82.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada started coverage on shares of Ducommun in a research report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price target on the stock.

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.