State Board of Administration of Florida Retirement System Purchases Shares of 5,011 Ducommun Incorporated (NYSE:DCO)

State Board of Administration of Florida Retirement System purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 5,011 shares of the aerospace company’s stock, valued at approximately $250,000.

Other hedge funds have also added to or reduced their stakes in the company. MetLife Investment Management LLC lifted its stake in Ducommun by 62.3% in the first quarter. MetLife Investment Management LLC now owns 5,236 shares of the aerospace company’s stock valued at $274,000 after purchasing an additional 2,009 shares during the last quarter. BlackRock Inc. grew its stake in shares of Ducommun by 3.6% in the first quarter. BlackRock Inc. now owns 839,094 shares of the aerospace company’s stock worth $43,960,000 after purchasing an additional 28,819 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of Ducommun by 6.0% in the first quarter. Gamco Investors INC. ET AL now owns 357,876 shares of the aerospace company’s stock worth $18,749,000 after purchasing an additional 20,200 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of Ducommun by 2.0% in the first quarter. Gabelli Funds LLC now owns 51,500 shares of the aerospace company’s stock worth $2,698,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Lazard Asset Management LLC bought a new stake in shares of Ducommun in the first quarter worth about $34,000. Institutional investors and hedge funds own 83.61% of the company’s stock.

Ducommun Stock Performance

Shares of Ducommun stock opened at $41.75 on Monday. The company has a market capitalization of $511.02 million, a P/E ratio of 19.88 and a beta of 1.34. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.77 and a current ratio of 2.84. The company has a fifty day moving average of $50.92 and a 200 day moving average of $51.99. Ducommun Incorporated has a fifty-two week low of $38.89 and a fifty-two week high of $58.28.

Ducommun (NYSE:DCO – Get Rating) last announced its quarterly earnings results on Thursday, February 16th. The aerospace company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.02. Ducommun had a net margin of 3.55% and a return on equity of 7.71%. The firm had revenue of $188.27 million during the quarter, compared to the consensus estimate of $184.31 million. On average, sell-side analysts anticipate that Ducommun Incorporated will post 2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DCO shares. Royal Bank of Canada lowered their target price on shares of Ducommun from $64.00 to $56.00 in a report on Wednesday, May 17th. StockNews.com started coverage on shares of Ducommun in a research report on Thursday. They issued a “buy” rating for the company. Finally, Truist Financial cut their target price on shares of Ducommun from $66.00 to $62.00 in a research report on Friday, May 5th.

About Ducommun

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Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defense, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems segments. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.