Deutsche Bank AG Decreases Holdings in Ducommun Incorporated (NYSE:DCO)

Deutsche Bank AG trimmed its stake in Ducommun Incorporated (NYSE:DCO) by 14.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 260,280 shares of the aerospace company’s stock after selling 43,518 shares during the quarter. Deutsche Bank AG’s holdings in Ducommun were worth $16,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCO. Cubist Systematic Strategies LLC raised its holdings in shares of Ducommun by 185.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 33,380 shares of the aerospace company’s stock worth $2,125,000 after purchasing an additional 21,681 shares during the period. Captrust Financial Advisors purchased a new stake in Ducommun in the fourth quarter worth $277,000. Balyasny Asset Management L.P. bought a new stake in shares of Ducommun in the fourth quarter valued at $277,000. Bank of America Corp DE raised its stake in shares of Ducommun by 49.0% in the fourth quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company’s stock valued at $4,018,000 after buying an additional 20,763 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Ducommun by 29.9% during the 4th quarter. BNP Paribas Financial Markets now owns 9,402 shares of the aerospace company’s stock valued at $599,000 after buying an additional 2,162 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Price Performance

Ducommun stock opened at $66.42 on Thursday. The firm has a market capitalization of $988.20 million, a P/E ratio of 33.38 and a beta of 1.30. Ducommun Incorporated has a one year low of $51.76 and a one year high of $70.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The business has a fifty day moving average price of $58.36 and a 200-day moving average price of $62.35.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. The business had revenue of $194.11 million for the quarter, compared to analysts’ expectations of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.70 EPS. As a group, equities research analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current year.

Wall Street Analyst Weigh In

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