Teacher Retirement System of Texas Invests $3.18 Million in Ducommun Incorporated (NYSE:DCO)

Teacher Retirement System of Texas purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 49,991 shares of the aerospace company’s stock, valued at approximately $3,182,000. Teacher Retirement System of Texas owned approximately 0.34% of Ducommun at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DCO. Intech Investment Management LLC bought a new position in shares of Ducommun during the 4th quarter worth approximately $383,000. Royce & Associates LP increased its position in shares of Ducommun by 4.8% during the fourth quarter. Royce & Associates LP now owns 234,991 shares of the aerospace company’s stock valued at $14,960,000 after acquiring an additional 10,700 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Ducommun by 4.4% during the fourth quarter. First Eagle Investment Management LLC now owns 253,087 shares of the aerospace company’s stock worth $16,112,000 after acquiring an additional 10,700 shares during the period. Diamond Hill Capital Management Inc. boosted its position in Ducommun by 24.2% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 161,985 shares of the aerospace company’s stock worth $10,312,000 after purchasing an additional 31,601 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in Ducommun by 32,550.0% in the 4th quarter. AlphaQuest LLC now owns 5,224 shares of the aerospace company’s stock valued at $333,000 after purchasing an additional 5,208 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Ducommun Trading Down 0.3 %

Shares of DCO opened at $59.51 on Wednesday. Ducommun Incorporated has a fifty-two week low of $48.21 and a fifty-two week high of $70.50. The business has a 50-day moving average of $63.29 and a 200 day moving average of $63.94. The firm has a market cap of $884.50 million, a P/E ratio of 29.90 and a beta of 1.56. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21.

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.