Quantbot Technologies LP Raises Position in Ducommun Incorporated (NYSE:DCO)

Quantbot Technologies LP lifted its stake in Ducommun Incorporated (NYSE:DCO) by 120.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,443 shares of the aerospace company’s stock after purchasing an additional 2,431 shares during the period. Quantbot Technologies LP’s holdings in Ducommun were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DCO. Central Pacific Bank Trust Division bought a new stake in Ducommun during the fourth quarter valued at about $32,000. Venturi Wealth Management LLC raised its stake in Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock valued at $46,000 after purchasing an additional 650 shares during the period. Point72 DIFC Ltd lifted its holdings in Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after purchasing an additional 674 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Ducommun in the 3rd quarter worth approximately $80,000. Finally, US Bancorp DE grew its holdings in Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock valued at $84,000 after buying an additional 442 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Ducommun Price Performance

Ducommun stock opened at $58.60 on Friday. Ducommun Incorporated has a 52-week low of $48.21 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 firm’s fifty day moving average is $62.75 and its 200 day moving average is $63.86. The company has a market cap of $871.02 million, a price-to-earnings ratio of 29.45 and a beta of 1.56.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DCO. 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 target price for the company. Truist Financial increased their price objective on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Thursday.

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.