Citadel Advisors LLC acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 16,829 shares of the aerospace company’s stock, valued at approximately $531,000. Citadel Advisors LLC owned about 0.15% of Ducommun at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DCO. Paradigm Capital Management Inc. NY raised its position in shares of Ducommun by 33.9% during the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after buying an additional 153,095 shares during the last quarter. AQR Capital Management LLC raised its position in shares of Ducommun by 122.9% during the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Ducommun by 12.1% during the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after buying an additional 64,400 shares during the last quarter. Wedge Capital Management L L P NC bought a new stake in shares of Ducommun during the second quarter valued at approximately $973,000. Finally, Vanguard Group Inc. raised its position in shares of Ducommun by 7.0% during the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock valued at $12,712,000 after buying an additional 29,007 shares during the last quarter. Hedge funds and other institutional investors own 79.75% of the company’s stock.

Shares of Ducommun Incorporated (NYSE:DCO) opened at 33.99 on Monday. The stock’s 50 day moving average is $29.49 and its 200 day moving average is $30.38. Ducommun Incorporated has a 52-week low of $18.70 and a 52-week high of $35.58. The company has a market cap of $384.73 million, a PE ratio of 28.28 and a beta of 0.86.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.03. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The firm had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. During the same quarter last year, the firm posted $0.34 EPS. The business’s revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that Ducommun Incorporated will post $1.32 EPS for the current year.

DCO has been the topic of several recent analyst reports. Canaccord Genuity reiterated a “buy” rating and set a $35.00 price objective on shares of Ducommun in a research report on Thursday, June 22nd. BidaskClub cut shares of Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $40.00 price objective on shares of Ducommun in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research report on Friday, August 4th. Finally, Noble Financial reiterated a “hold” rating on shares of Ducommun in a research report on Friday, August 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.25.

In other news, Director Anthony J. Reardon sold 3,300 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the transaction, the director now owns 127,724 shares in the company, valued at approximately $3,523,905.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony J. Reardon sold 3,701 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $27.68, for a total value of $102,443.68. Following the transaction, the director now owns 123,523 shares in the company, valued at approximately $3,419,116.64. The disclosure for this sale can be found here. Insiders have sold a total of 42,701 shares of company stock worth $1,237,582 in the last quarter. Insiders own 8.20% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Citadel Advisors LLC Acquires Shares of 16,829 Ducommun Incorporated (DCO)” was first posted by Daily Political and is the property of of Daily Political. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.dailypolitical.com/2017/10/09/citadel-advisors-llc-acquires-shares-of-16829-ducommun-incorporated-dco.html.

Ducommun Company Profile

Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure 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.

Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

Receive News & Ratings for Ducommun Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.