Ducommun Incorporated (NYSE:DCO) Position Increased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 25.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 179,600 shares of the aerospace company's stock after buying an additional 36,300 shares during the period. Renaissance Technologies LLC owned 1.22% of Ducommun worth $11,433,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of Ducommun by 12.8% in the fourth 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 in the last quarter. Bank of New York Mellon Corp grew its stake in Ducommun by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock valued at $2,575,000 after purchasing an additional 430 shares in the last quarter. US Bancorp DE raised its position 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 valued at $84,000 after purchasing an additional 442 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Ducommun during the 4th quarter valued at approximately $32,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company's stock worth $46,000 after buying an additional 650 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Performance

DCO traded down $0.89 during trading hours on Monday, hitting $55.71. The company's stock had a trading volume of 4,807 shares, compared to its average volume of 76,799. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $70.50. The company has a 50-day simple moving average of $58.67 and a 200 day simple moving average of $62.82. The firm has a market capitalization of $828.02 million, a PE ratio of 28.13 and a beta of 1.27.

Analyst Ratings Changes

Several brokerages have weighed in on DCO. Royal Bank of Canada assumed coverage on shares of Ducommun in a report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective for the company. StockNews.com lowered Ducommun from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, April 15th. Finally, Truist Financial reduced their price objective on Ducommun from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday.

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.