Ducommun Incorporated (NYSE:DCO) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP lifted its stake in Ducommun Incorporated (NYSE:DCO) by 539.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 39,762 shares of the aerospace company’s stock after purchasing an additional 33,540 shares during the quarter. Trexquant Investment LP owned about 0.27% of Ducommun worth $2,531,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its stake in shares of Ducommun by 12.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock worth $146,000 after acquiring an additional 261 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Ducommun by 1.1% in the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company’s stock valued at $2,575,000 after purchasing an additional 430 shares during the period. US Bancorp DE grew its holdings in shares of Ducommun by 49.9% in the fourth 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. Central Pacific Bank Trust Division purchased a new position in Ducommun during the fourth quarter worth about $32,000. Finally, Venturi Wealth Management LLC raised its stake in Ducommun by 833.3% during 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. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

NYSE:DCO opened at $54.04 on Tuesday. The stock has a market capitalization of $803.20 million, a P/E ratio of 27.16 and a beta of 1.27. 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 fifty-two week low of $51.39 and a fifty-two week high of $70.50. The company has a 50 day moving average price of $61.28 and a 200 day moving average price of $63.52.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of recent analyst reports. Royal Bank of Canada started coverage on shares of Ducommun in a report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target for the company. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 27th. Finally, Truist Financial increased their price target on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th.

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.