Phocas Financial Corp. Has $2.97 Million Stock Position in Ducommun Incorporated (NYSE:DCO)

Phocas Financial Corp. boosted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 1.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 57,040 shares of the aerospace company’s stock after buying an additional 1,012 shares during the quarter. Phocas Financial Corp.’s holdings in Ducommun were worth $2,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Credit Suisse AG increased its stake in Ducommun by 2.5% in the third quarter. Credit Suisse AG now owns 7,760 shares of the aerospace company’s stock valued at $307,000 after acquiring an additional 191 shares during the period. Covestor Ltd grew its stake in shares of Ducommun by 33.9% in the 3rd quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 274 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Ducommun by 116.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company’s stock worth $36,000 after buying an additional 353 shares in the last quarter. Citigroup Inc. boosted its stake in Ducommun by 18.7% in the 1st quarter. Citigroup Inc. now owns 2,561 shares of the aerospace company’s stock valued at $140,000 after buying an additional 403 shares in the last quarter. Finally, FMR LLC grew its position in Ducommun by 197.1% in the third quarter. FMR LLC now owns 621 shares of the aerospace company’s stock valued at $27,000 after acquiring an additional 412 shares during the period. 92.15% of the stock is owned by institutional investors.

Ducommun Price Performance

Shares of DCO stock opened at $54.84 on Monday. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $802.86 million, a price-to-earnings ratio of 47.69 and a beta of 1.28. The firm’s 50 day moving average is $50.18 and its 200-day moving average is $49.47. Ducommun Incorporated has a 1 year low of $40.24 and a 1 year high of $58.19.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.11. The business had revenue of $192.23 million for the quarter, compared to analyst estimates of $193.24 million. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. Sell-side analysts forecast that Ducommun Incorporated will post 2.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DCO has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Ducommun in a research note on Friday, February 16th. Truist Financial reduced their price target on shares of Ducommun from $69.00 to $65.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, B. Riley reaffirmed a “buy” rating and set a $72.00 price objective on shares of Ducommun in a report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Ducommun has an average rating of “Moderate Buy” and an average price target of $62.80.

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.