Kennedy Capital Management LLC Acquires 103,570 Shares of Ducommun Incorporated (NYSE:DCO)

Kennedy Capital Management LLC increased its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 60.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 273,517 shares of the aerospace company’s stock after buying an additional 103,570 shares during the period. Kennedy Capital Management LLC owned 1.85% of Ducommun worth $17,412,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of DCO. FMR LLC raised its stake in shares of Ducommun by 46.1% during the third quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock worth $2,918,000 after buying an additional 13,989 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Ducommun during the third quarter worth approximately $8,990,000. Jane Street Group LLC raised its stake in shares of Ducommun by 140.4% during the third quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 20,240 shares during the last quarter. Barclays PLC increased its stake in Ducommun by 137.2% in the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after purchasing an additional 30,873 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Ducommun by 0.5% in the third quarter. Geode Capital Management LLC now owns 310,704 shares of the aerospace company’s stock valued at $20,458,000 after purchasing an additional 1,610 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on DCO shares. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 27th. Royal Bank of Canada started coverage on shares of Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price for the company. Finally, Truist Financial upped their target price on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th.

Ducommun Stock Up 7.9 %

Ducommun stock opened at $57.73 on Thursday. The stock has a market capitalization of $858.06 million, a PE ratio of 29.01 and a beta of 1.27. Ducommun Incorporated has a twelve month low of $51.39 and a twelve month 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 company has a 50 day moving average of $60.24 and a 200-day moving average of $63.27.

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.