Mutual of America Capital Management LLC Sells 41,464 Shares of Ducommun Incorporated (NYSE:DCO)

Mutual of America Capital Management LLC cut its stake in Ducommun Incorporated (NYSE:DCO) by 46.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,971 shares of the aerospace company’s stock after selling 41,464 shares during the period. Mutual of America Capital Management LLC owned 0.32% of Ducommun worth $2,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. FMR LLC raised its stake in shares of Ducommun by 197.1% in the third quarter. FMR LLC now owns 621 shares of the aerospace company’s stock worth $27,000 after acquiring an additional 412 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Ducommun in the first quarter worth about $34,000. Tower Research Capital LLC TRC raised its stake in shares of Ducommun by 116.9% in the first quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 353 shares during the last quarter. Covestor Ltd raised its stake in shares of Ducommun by 33.9% in the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after acquiring an additional 274 shares during the last quarter. Finally, Citigroup Inc. raised its stake in shares of Ducommun by 18.7% in the first quarter. Citigroup Inc. now owns 2,561 shares of the aerospace company’s stock worth $140,000 after acquiring an additional 403 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DCO. Truist Financial lowered their price target on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 16th. B. Riley reiterated a “buy” rating and set a $72.00 price target on shares of Ducommun in a research report on Friday, February 16th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $60.00 price target on shares of Ducommun in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.80.

Ducommun Stock Up 0.3 %

Shares of NYSE DCO opened at $52.02 on Friday. The stock has a market cap of $761.57 million, a P/E ratio of 45.24 and a beta of 1.28. The firm has a 50 day moving average price of $50.52 and a 200 day moving average price of $49.75. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.91 and a current ratio of 2.99. Ducommun Incorporated has a 52-week low of $40.24 and a 52-week high of $58.19.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.11. The firm had revenue of $192.23 million during the quarter, compared to analysts’ expectations of $193.24 million. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. Analysts expect that Ducommun Incorporated will post 2.75 EPS for the current year.

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.