Oberweis Asset Management Inc. Purchases New Position in Ducommun Incorporated (NYSE:DCO)

Oberweis Asset Management Inc. acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 95,700 shares of the aerospace company’s stock, valued at approximately $6,092,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Sterling Capital Management LLC lifted its position in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 386 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Ducommun during the fourth quarter worth $32,000. Venturi Wealth Management LLC boosted its stake in shares of Ducommun by 833.3% in the fourth 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. 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 purchasing an additional 442 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in Ducommun during the 4th quarter worth $87,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on DCO shares. Truist Financial decreased their price objective on shares of Ducommun from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada initiated coverage on Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company. Finally, StockNews.com downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 15th.

Ducommun Price Performance

DCO opened at $56.38 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $70.50. The company has a 50-day moving average of $58.06 and a 200-day moving average of $62.60. The company has a market capitalization of $837.98 million, a P/E ratio of 28.33 and a beta of 1.27.

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.