RBC Cuts Holdings in Ducommun Amid Market Volatility

Royal Bank of Canada has reduced its stake in Ducommun Incorporated by 67.1% during the first quarter, according to a recent SEC disclosure. The bank's holdings in DCO were valued at approximately $2,715,000 at the end of the reporting period.

Other hedge funds have also made significant changes to their positions in Ducommun. State of Wyoming purchased a new position in the company during the first quarter worth around $35,000, while EverSource Wealth Advisors LLC increased its holdings by 618.8% during the second quarter.

The majority of DCO's stock is owned by hedge funds and other institutional investors, with a combined ownership percentage of 92.15%. Recent analyst reports have been positive towards Ducommun, with some firms raising their target prices for the company's stock.