US Bancorp DE Has $84,000 Stock Position in Ducommun Incorporated (NYSE:DCO)

US Bancorp DE raised its position in shares of Ducommun Incorporated (NYSE:DCO) by 49.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,327 shares of the aerospace company’s stock after purchasing an additional 442 shares during the quarter. US Bancorp DE’s holdings in Ducommun were worth $84,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new stake in shares of Ducommun during the 4th quarter valued at about $32,000. Venturi Wealth Management LLC grew its position in shares of Ducommun by 833.3% during 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. Point72 DIFC Ltd increased its stake in shares of Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock valued at $52,000 after acquiring an additional 674 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Ducommun in the 3rd quarter valued at $80,000. Finally, R Squared Ltd bought a new position in Ducommun during the fourth quarter worth $87,000. Institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. StockNews.com downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th. Truist Financial boosted their target price on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada began coverage on Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price target on the stock.

Ducommun Stock Down 0.5 %

Ducommun stock opened at $59.65 on Tuesday. The firm has a market capitalization of $883.57 million, a price-to-earnings ratio of 29.97 and a beta of 1.56. The firm’s fifty day moving average price is $63.96 and its two-hundred day moving average price is $64.11. Ducommun Incorporated has a 1-year low of $48.21 and a 1-year high of $70.50. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

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.