Cubist Systematic Strategies LLC Grows Position in Ducommun Incorporated (NYSE:DCO)

Cubist Systematic Strategies LLC increased its position in Ducommun Incorporated (NYSE:DCO) by 185.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,380 shares of the aerospace company’s stock after buying an additional 21,681 shares during the quarter. Cubist Systematic Strategies LLC owned 0.23% of Ducommun worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sterling Capital Management LLC raised its stake in shares of Ducommun by 804.2% during the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 386 shares during the last quarter. Venturi Wealth Management LLC raised its position 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 last quarter. US Bancorp DE increased its stake in shares of Ducommun by 49.9% during the fourth 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 during the period. R Squared Ltd purchased a new stake in shares of Ducommun in the 4th quarter worth about $87,000. Finally, Parvin Asset Management LLC purchased a new position in shares of Ducommun during the fourth quarter valued at about $98,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Performance

Ducommun stock opened at $65.21 on Monday. The stock’s 50 day moving average is $58.01 and its 200 day moving average is $62.29. The company has a market capitalization of $970.19 million, a P/E ratio of 32.77 and a beta of 1.30. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month 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.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.20. The firm had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. Ducommun’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.70 EPS. On average, equities research analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on DCO shares. Truist Financial set a $76.00 target price on Ducommun in a research report on Wednesday. B. Riley reissued a “buy” rating on shares of Ducommun in a research report on Wednesday. Finally, StockNews.com upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $76.00.

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.