Ducommun Inc. (DCO) Position Raised by ClariVest Asset Management LLC
ClariVest Asset Management LLC increased its position in Ducommun Inc. (NYSE:DCO) by 21.1% during the second quarter, Holdings Channel reports. The fund owned 85,071 shares of the company’s stock after buying an additional 14,812 shares during the period. ClariVest Asset Management LLC’s holdings in Ducommun were worth $1,683,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the company. Royal Bank of Canada boosted its stake in Ducommun by 5.5% in the first quarter. Royal Bank of Canada now owns 1,050,809 shares of the company’s stock worth $16,025,000 after buying an additional 54,883 shares during the last quarter. State Street Corp increased its position in shares of Ducommun by 16.4% in the first quarter. State Street Corp now owns 179,176 shares of the company’s stock worth $2,734,000 after buying an additional 25,243 shares during the period. First Manhattan Co. acquired a new position in shares of Ducommun during the second quarter worth about $113,000. Emerald Advisers Inc. PA increased its position in shares of Ducommun by 16.3% in the second quarter. Emerald Advisers Inc. PA now owns 33,159 shares of the company’s stock worth $656,000 after buying an additional 4,646 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of Ducommun by 24.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 15,841 shares of the company’s stock worth $313,000 after buying an additional 3,159 shares during the period. 79.41% of the stock is owned by institutional investors.
Ducommun Inc. (NYSE:DCO) traded up 1.62% during trading on Wednesday, reaching $21.38. The company had a trading volume of 57,959 shares. Ducommun Inc. has a 52-week low of $12.28 and a 52-week high of $24.86. The firm’s market capitalization is $238.73 million. The company has a 50-day moving average of $22.46 and a 200-day moving average of $19.26.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 4th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. Ducommun had a positive return on equity of 3.45% and a negative net margin of 9.38%. The company earned $133.40 million during the quarter, compared to the consensus estimate of $141.54 million. During the same period in the previous year, the firm posted $0.16 earnings per share. Ducommun’s quarterly revenue was down 23.7% compared to the same quarter last year. Analysts expect that Ducommun Inc. will post $1.43 EPS for the current fiscal year.
A number of equities analysts have recently issued reports on DCO shares. B. Riley reissued a “buy” rating and set a $26.75 target price on shares of Ducommun in a research note on Thursday, August 11th. Zacks Investment Research raised Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a research note on Monday, August 8th. Canaccord Genuity reissued a “buy” rating and set a $25.00 target price on shares of Ducommun in a research note on Sunday, August 7th. Finally, FBR & Co reissued a “buy” rating on shares of Ducommun in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $23.63.
In other Ducommun news, VP Rose F. Rogers sold 5,000 shares of Ducommun stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $24.29, for a total value of $121,450.00. Following the completion of the transaction, the vice president now directly owns 32,816 shares in the company, valued at $797,100.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 9.10% of the stock is owned by company insiders.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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