Teacher Retirement System of Texas Makes New $3.18 Million Investment in Ducommun Incorporated (NYSE:DCO)

Teacher Retirement System of Texas bought a new stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 49,991 shares of the aerospace company's stock, valued at approximately $3,182,000. Teacher Retirement System of Texas owned 0.34% of Ducommun as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in Ducommun in the 4th quarter worth $32,000. Venturi Wealth Management LLC increased 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 valued at $46,000 after buying an additional 650 shares during the period. Point72 DIFC Ltd raised its stake in Ducommun by 591.2% in the third quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company's stock worth $52,000 after buying an additional 674 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Ducommun in the third quarter worth about $80,000. Finally, US Bancorp DE boosted its position in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company's stock.

Ducommun Stock Down 2.1 %

Shares of DCO stock traded down $1.26 during trading hours on Friday, hitting $58.60. 91,393 shares of the company's stock traded hands, compared to its average volume of 81,347. 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's fifty day simple moving average is $62.75 and its two-hundred day simple moving average is $63.86. Ducommun Incorporated has a 12-month low of $48.21 and a 12-month high of $70.50. The stock has a market cap of $871.02 million, a price-to-earnings ratio of 29.45 and a beta of 1.56.

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Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DCO shares. Truist Financial increased 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 upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a report on Thursday. Finally, Royal Bank of Canada began 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.