US Bancorp DE Grows Position in Ducommun Incorporated (NYSE:DCO)

US Bancorp DE grew its position in shares of Ducommun Incorporated (NYSE:DCO) by 49.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,327 shares of the aerospace company’s stock after acquiring an additional 442 shares during the quarter. US Bancorp DE’s holdings in Ducommun were worth $84,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in shares of Ducommun during the fourth quarter valued at about $32,000. Venturi Wealth Management LLC lifted its position in shares of Ducommun by 833.3% during the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock worth $46,000 after buying an additional 650 shares in the last quarter. Point72 DIFC Ltd boosted its stake in shares of Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after buying an additional 674 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Ducommun in the third quarter valued at approximately $80,000. Finally, R Squared Ltd bought a new stake in Ducommun during the fourth quarter worth $87,000. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada initiated coverage on Ducommun in a research report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 target price for the company. StockNews.com lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Truist Financial lifted their price objective on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th.

Ducommun Stock Performance

NYSE:DCO opened at $59.65 on Tuesday. The company has a market capitalization of $883.57 million, a P/E ratio of 29.97 and a beta of 1.56. The business has a fifty day simple moving average of $63.96 and a two-hundred day simple moving average of $64.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 1 year low of $48.21 and a 1 year high of $70.50.

Ducommun 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.