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

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

A number of other hedge funds have also recently modified their holdings of DCO. Victory Capital Management Inc. raised its holdings in Ducommun by 1.6% in the 3rd quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock worth $1,244,000 after purchasing an additional 300 shares during the period. Pathstone Holdings LLC raised its stake in shares of Ducommun by 1.1% in the third quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock worth $1,868,000 after buying an additional 319 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Ducommun by 57.0% in the third quarter. Advisors Asset Management Inc. now owns 12,972 shares of the aerospace company’s stock worth $854,000 after buying an additional 4,710 shares during the period. Algert Global LLC lifted its position in shares of Ducommun by 6.0% during the 3rd quarter. Algert Global LLC now owns 22,642 shares of the aerospace company’s stock valued at $1,491,000 after buying an additional 1,287 shares in the last quarter. Finally, FMR LLC grew its stake in shares of Ducommun by 46.1% during the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock valued at $2,918,000 after acquiring an additional 13,989 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 0.5 %

Shares of NYSE DCO opened at $59.65 on Tuesday. Ducommun Incorporated has a 1 year low of $48.21 and a 1 year high of $70.50. The firm has a 50-day simple moving average of $63.96 and a two-hundred day simple moving average of $64.11. The company has a market cap of $883.57 million, a P/E ratio of 29.97 and a beta of 1.56. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

Wall Street Analyst Weigh In

A number of research firms have commented on DCO. Truist Financial raised their target price on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada began coverage on shares of Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 target price on the stock. Finally, StockNews.com lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 28th.

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.