Teacher Retirement System of Texas Invests $3.18 Million in Ducommun Incorporated (NYSE:DCO)

Teacher Retirement System of Texas acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 49,991 shares of the aerospace company’s stock, valued at approximately $3,182,000.

A number of other institutional investors have also added to or reduced their stakes in DCO. FMR LLC increased its position in shares of Ducommun by 46.1% during the third quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after buying an additional 13,989 shares during the period. Wellington Management Group LLP bought a new stake in Ducommun during the 3rd quarter worth approximately $8,990,000. Barclays PLC lifted its stake in Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after purchasing an additional 30,873 shares in the last quarter. Jane Street Group LLC boosted its holdings in Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock valued at $2,281,000 after purchasing an additional 20,240 shares during the period. Finally, New York State Common Retirement Fund grew its position in shares of Ducommun by 44.5% during the 4th quarter. New York State Common Retirement Fund now owns 16,014 shares of the aerospace company’s stock valued at $1,019,000 after purchasing an additional 4,932 shares in the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

DCO has been the subject of several research analyst reports. Royal Bank of Canada assumed coverage on Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price objective for the company. StockNews.com downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Finally, Truist Financial upped 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 Trading Down 0.3 %

NYSE DCO opened at $59.51 on Wednesday. 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 stock’s 50-day simple moving average is $63.29 and its two-hundred day simple moving average is $63.94. Ducommun Incorporated has a twelve month low of $48.21 and a twelve month high of $70.50. The company has a market capitalization of $884.50 million, a price-to-earnings ratio of 29.90 and a beta of 1.56.

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.