Ducommun Incorporated (NYSE:DCO) Holdings Decreased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 14.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,642 shares of the aerospace company’s stock after selling 459 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Ducommun were worth $138,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SG Americas Securities LLC increased its position in Ducommun by 332.9% in the 3rd quarter. SG Americas Securities LLC now owns 10,467 shares of the aerospace company’s stock worth $455,000 after purchasing an additional 8,049 shares during the last quarter. Bank of New York Mellon Corp grew its position in Ducommun by 11.2% in the third quarter. Bank of New York Mellon Corp now owns 62,098 shares of the aerospace company’s stock worth $2,702,000 after acquiring an additional 6,233 shares in the last quarter. Advisor Partners II LLC acquired a new position in shares of Ducommun during the 3rd quarter worth $211,000. Teacher Retirement System of Texas raised its holdings in shares of Ducommun by 42.0% during the 3rd quarter. Teacher Retirement System of Texas now owns 33,714 shares of the aerospace company’s stock valued at $1,467,000 after purchasing an additional 9,972 shares in the last quarter. Finally, Annex Advisory Services LLC lifted its stake in shares of Ducommun by 19.8% in the 3rd quarter. Annex Advisory Services LLC now owns 13,099 shares of the aerospace company’s stock valued at $570,000 after purchasing an additional 2,163 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

Shares of NYSE DCO opened at $56.64 on Thursday. Ducommun Incorporated has a 12 month low of $40.24 and a 12 month high of $60.00. The company has a market cap of $829.21 million, a P/E ratio of 49.25 and a beta of 1.26. The business’s 50 day moving average is $51.87 and its two-hundred day moving average is $50.61. The company has a quick ratio of 1.91, a current ratio of 2.99 and a debt-to-equity ratio of 0.40.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. The business had revenue of $192.23 million for the quarter, compared to analyst estimates of $193.24 million. On average, equities analysts expect that Ducommun Incorporated will post 2.75 EPS for the current year.

Wall Street Analyst Weigh In

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

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.