Wellington Management Group LLP Buys 57,172 Shares of Ducommun Incorporated (NYSE:DCO)

Wellington Management Group LLP grew its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 41.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,741 shares of the aerospace company's stock after purchasing an additional 57,172 shares during the period. Wellington Management Group LLP owned approximately 1.31% of Ducommun worth $12,334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its position in Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $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% in the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock worth $2,575,000 after purchasing an additional 430 shares during the period. US Bancorp DE raised its holdings in Ducommun by 49.9% in the fourth quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock worth $84,000 after purchasing an additional 442 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in Ducommun during the fourth quarter valued at $32,000. Finally, Venturi Wealth Management LLC grew its position in shares of Ducommun by 833.3% in the 4th 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 period. Hedge funds and other institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

DCO has been the subject of a number of recent research reports. Royal Bank of Canada assumed coverage on shares of Ducommun in a research report on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price target for the company. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Thursday, March 27th. Finally, Truist Financial raised their price objective on Ducommun from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th.

Ducommun Stock Up 1.2 %

Shares of NYSE DCO traded up $0.66 during midday trading on Tuesday, hitting $57.06. The stock had a trading volume of 5,784 shares, compared to its average volume of 77,517. The business's 50 day moving average is $59.49 and its 200-day moving average is $63.08. Ducommun Incorporated has a 52 week low of $51.39 and a 52 week high of $70.50. 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 company has a market cap of $848.07 million, a P/E ratio of 28.66 and a beta of 1.27.

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.