Victory Capital Management Inc. lifted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 78.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 61,386 shares of the aerospace company’s stock after purchasing an additional 26,975 shares during the quarter. Victory Capital Management Inc. owned about 0.54% of Ducommun worth $1,746,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Macquarie Group Ltd. acquired a new stake in Ducommun in the 3rd quarter valued at about $223,000. Alliancebernstein L.P. acquired a new stake in Ducommun in the 2nd quarter valued at about $221,000. Mackenzie Financial Corp acquired a new stake in Ducommun in the 3rd quarter valued at about $229,000. First Trust Advisors LP acquired a new stake in Ducommun in the 3rd quarter valued at about $261,000. Finally, The Manufacturers Life Insurance Company grew its stake in Ducommun by 6.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,385 shares of the aerospace company’s stock valued at $265,000 after acquiring an additional 502 shares during the last quarter. 76.96% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages recently commented on DCO. ValuEngine cut shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. B. Riley set a $40.00 price objective on shares of Ducommun and gave the company a “buy” rating in a research note on Monday, October 30th. Zacks Investment Research cut shares of Ducommun from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Canaccord Genuity increased their price objective on shares of Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Finally, TheStreet cut shares of Ducommun from a “b-” rating to a “c” rating in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. Ducommun currently has a consensus rating of “Hold” and a consensus target price of $36.80.
Shares of Ducommun Incorporated (DCO) opened at $28.47 on Friday. Ducommun Incorporated has a 12 month low of $25.06 and a 12 month high of $35.58. The company has a market cap of $320.36, a PE ratio of 20.64 and a beta of 0.84. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 0.99.
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Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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