Virtus Investment Advisers Inc. Takes Position in Ducommun Incorporated (NYSE:DCO)

Virtus Investment Advisers Inc. acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, HoldingsChannel reports. The fund acquired 12,600 shares of the aerospace company’s stock, valued at approximately $802,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCO. Sterling Capital Management LLC increased its stake in shares of Ducommun by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock valued at $28,000 after buying an additional 386 shares during the period. Venturi Wealth Management LLC increased its position in Ducommun by 833.3% in the fourth quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 650 shares during the period. US Bancorp DE lifted its position 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 purchasing an additional 442 shares during the period. R Squared Ltd bought a new position in shares of Ducommun in the 4th quarter valued at about $87,000. Finally, Parvin Asset Management LLC bought a new position in shares of Ducommun in the 4th quarter valued at about $98,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on DCO. Truist Financial set a $76.00 price objective on shares of Ducommun in a report on Wednesday, May 7th. B. Riley reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, May 7th. Finally, StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $76.00.

Ducommun Stock Up 0.4%

Ducommun stock opened at $68.03 on Monday. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week 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 firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 34.19 and a beta of 1.30. The company’s 50 day simple moving average is $58.91 and its 200 day simple moving average is $62.46.

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

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.