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Mar 31, 2024

Connor Clark & Lunn Investment Management Ltd. Has $395,000 Position in Ducommun Incorporated (NYSE:DCO)

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 54.2% in the 1st quarter, according to the company in its most

Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 54.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,213 shares of the aerospace company's stock after purchasing an additional 2,535 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.06% of Ducommun worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in Ducommun during the 1st quarter worth $34,000. Tower Research Capital LLC TRC increased its stake in Ducommun by 116.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 655 shares of the aerospace company's stock worth $36,000 after acquiring an additional 353 shares during the period. New York State Teachers Retirement System increased its stake in Ducommun by 881.0% during the 1st quarter. New York State Teachers Retirement System now owns 981 shares of the aerospace company's stock worth $54,000 after acquiring an additional 881 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Ducommun by 65.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,370 shares of the aerospace company's stock worth $130,000 after acquiring an additional 937 shares during the period. Finally, Bessemer Group Inc. bought a new position in Ducommun during the 4th quarter worth $185,000. 83.22% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have commented on DCO shares. B. Riley restated a "buy" rating and set a $72.00 price objective on shares of Ducommun in a research note on Monday, July 31st. Royal Bank of Canada decreased their price target on Ducommun from $64.00 to $56.00 in a research note on Wednesday, May 17th. TheStreet lowered Ducommun from a "b-" rating to a "c" rating in a research note on Wednesday, May 24th. The Goldman Sachs Group initiated coverage on Ducommun in a research note on Monday, August 14th. They issued a "neutral" rating and a $52.00 price target on the stock. Finally, Citigroup initiated coverage on Ducommun in a research note on Thursday, July 6th. They issued a "buy" rating and a $65.00 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $61.40.

View Our Latest Research Report on Ducommun

Shares of DCO stock opened at $44.24 on Friday. The firm has a market capitalization of $644.58 million, a P/E ratio of 22.92 and a beta of 1.35. Ducommun Incorporated has a twelve month low of $38.89 and a twelve month high of $58.28. The company has a quick ratio of 1.94, a current ratio of 3.16 and a debt-to-equity ratio of 0.44. The stock's fifty day simple moving average is $45.68 and its 200 day simple moving average is $48.72.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.03. The business had revenue of $187.32 million for the quarter, compared to analyst estimates of $188.14 million. Ducommun had a return on equity of 6.90% and a net margin of 3.25%. As a group, sell-side analysts predict that Ducommun Incorporated will post 2.4 EPS for the current fiscal year.

Ducommun Incorporated provides engineering and manufacturing products and services primarily to 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; higher-level 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.

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