Cubist Systematic Strategies LLC Increases Stock Holdings in Ducommun Incorporated (NYSE:DCO)

Cubist Systematic Strategies LLC grew its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 185.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 33,380 shares of the aerospace company’s stock after purchasing an additional 21,681 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Ducommun were worth $2,125,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in DCO. Gamco Investors INC. ET AL increased its holdings in Ducommun by 2.1% during the fourth quarter. Gamco Investors INC. ET AL now owns 581,706 shares of the aerospace company’s stock valued at $37,031,000 after buying an additional 11,834 shares during the last quarter. Kennedy Capital Management LLC grew its position in shares of Ducommun by 60.9% during the 4th quarter. Kennedy Capital Management LLC now owns 273,517 shares of the aerospace company’s stock valued at $17,412,000 after acquiring an additional 103,570 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Ducommun by 4.4% in the 4th quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company’s stock worth $16,112,000 after purchasing an additional 10,700 shares in the last quarter. Royce & Associates LP raised its holdings in Ducommun by 4.8% in the 4th quarter. Royce & Associates LP now owns 234,991 shares of the aerospace company’s stock worth $14,960,000 after purchasing an additional 10,700 shares during the period. Finally, Wellington Management Group LLP lifted its position in Ducommun by 41.9% during the fourth quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company’s stock valued at $12,334,000 after purchasing an additional 57,172 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Ducommun Trading Down 2.3%

Shares of DCO stock opened at $65.21 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The stock has a fifty day simple moving average of $58.01 and a two-hundred day simple moving average of $62.29. The firm has a market capitalization of $970.19 million, a PE ratio of 32.77 and a beta of 1.30. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $70.50.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates 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%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.70 earnings per share. On average, analysts predict that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. B. Riley restated a “buy” rating on shares of Ducommun in a research report on Wednesday. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 7th. Finally, Truist Financial set a $76.00 target price on shares of Ducommun in a research note on Wednesday. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Ducommun has a consensus rating of “Buy” and a consensus target price of $76.00.

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.