263,132 Shares in Ducommun Incorporated (NYSE:DCO) Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 263,132 shares of the aerospace company’s stock, valued at approximately $13,699,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCO. Paradigm Capital Management Inc. NY grew its stake in Ducommun by 33.0% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,420,200 shares of the aerospace company’s stock valued at $61,793,000 after acquiring an additional 352,185 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Ducommun by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock worth $52,916,000 after buying an additional 17,897 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Ducommun by 8.1% during the 3rd quarter. Vanguard Group Inc. now owns 723,575 shares of the aerospace company’s stock valued at $31,483,000 after buying an additional 54,228 shares during the period. William Blair Investment Management LLC increased its stake in shares of Ducommun by 3.0% in the third quarter. William Blair Investment Management LLC now owns 479,006 shares of the aerospace company’s stock worth $20,842,000 after acquiring an additional 13,858 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Ducommun by 37.3% during the third quarter. First Eagle Investment Management LLC now owns 247,689 shares of the aerospace company’s stock worth $10,777,000 after acquiring an additional 67,226 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Performance

DCO stock traded down $0.01 during mid-day trading on Wednesday, reaching $58.07. 2,285 shares of the stock traded hands, compared to its average volume of 99,901. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $53.22 and a two-hundred day moving average of $51.21. The firm has a market capitalization of $854.79 million, a PE ratio of 48.78 and a beta of 1.26. Ducommun Incorporated has a 52 week low of $40.24 and a 52 week high of $60.00.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. The company had revenue of $190.90 million for the quarter, compared to the consensus estimate of $189.20 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. As a group, equities analysts predict that Ducommun Incorporated will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DCO shares. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. B. Riley restated a “buy” rating and issued a $72.00 price objective on shares of Ducommun in a report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and set a $60.00 price target on shares of Ducommun in a report on Friday, February 16th. 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. Finally, The Goldman Sachs Group boosted their price target on Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.20.

Ducommun Company 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.