Bank of New York Mellon Corp Increases Holdings in Ducommun Incorporated (NYSE:DCO)

Bank of New York Mellon Corp raised its position in shares of Ducommun Incorporated (NYSE:DCO) by 1.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 40,454 shares of the aerospace company’s stock after buying an additional 430 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ducommun were worth $2,575,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Ducommun by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock valued at $1,244,000 after purchasing an additional 300 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of Ducommun by 1.1% during the third quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after acquiring an additional 319 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Ducommun by 24.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 46,908 shares of the aerospace company’s stock worth $3,088,000 after buying an additional 9,142 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Ducommun by 57.0% during the third quarter. Advisors Asset Management Inc. now owns 12,972 shares of the aerospace company’s stock worth $854,000 after purchasing an additional 4,710 shares in the last quarter. Finally, Algert Global LLC grew its stake in shares of Ducommun by 6.0% in the third quarter. Algert Global LLC now owns 22,642 shares of the aerospace company’s stock worth $1,491,000 after acquiring an additional 1,287 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on DCO shares. Royal Bank of Canada initiated 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. Truist Financial upped their price objective on Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Finally, StockNews.com downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th.

Ducommun Price Performance

Ducommun stock opened at $59.47 on Friday. Ducommun Incorporated has a 52 week low of $48.21 and a 52 week high of $70.50. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The firm’s 50-day simple moving average is $63.67 and its 200 day simple moving average is $64.01. The firm has a market capitalization of $880.88 million, a PE ratio of 29.88 and a beta of 1.56.

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.