Connor Clark & Lunn Investment Management Ltd. Cuts Position in Ducommun Incorporated (NYSE:DCO)

Connor Clark & Lunn Investment Management Ltd. trimmed its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 42,294 shares of the aerospace company’s stock after selling 4,614 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.29% of Ducommun worth $2,692,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in Ducommun by 12.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company’s stock valued at $146,000 after purchasing an additional 261 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of Ducommun by 1.6% in the third quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock worth $1,244,000 after buying an additional 300 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Ducommun by 1.1% during the third quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock valued at $1,868,000 after buying an additional 319 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Ducommun by 1.1% during the fourth quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company’s stock valued at $2,575,000 after acquiring an additional 430 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Ducommun by 49.9% in the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company’s stock worth $84,000 after acquiring an additional 442 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com lowered Ducommun from a “strong-buy” rating to a “buy” rating in a report on Friday, February 28th. Royal Bank of Canada assumed coverage on Ducommun in a report on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective 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 Price Performance

NYSE DCO opened at $59.65 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 1-year low of $48.21 and a 1-year high of $70.50. The stock has a market capitalization of $883.57 million, a price-to-earnings ratio of 29.97 and a beta of 1.56. The business’s fifty day moving average price is $63.96 and its 200-day moving average price is $64.11.

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.