Hennion & Walsh Asset Management Inc. Has $3.76 Million Position in Ducommun Incorporated $DCO

Hennion & Walsh Asset Management Inc. grew its position in Ducommun Incorporated (NYSE:DCO) by 39.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,132 shares of the aerospace company’s stock after acquiring an additional 11,130 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Ducommun were worth $3,762,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Alliancebernstein L.P. grew its holdings in Ducommun by 1,993.3% during the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after purchasing an additional 288,496 shares during the period. Ophir Asset Management Pty Ltd bought a new position in shares of Ducommun during the 2nd quarter worth approximately $22,151,000. Brown Advisory Inc. acquired a new stake in Ducommun during the 2nd quarter valued at $17,025,000. CSM Advisors LLC bought a new position in Ducommun during the second quarter worth $7,031,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Ducommun in the second quarter valued at $4,318,000. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on DCO shares. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Finally, Citigroup began coverage on Ducommun in a research note on Thursday, December 11th. They issued a “buy” rating and a $110.00 price target for the company. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $99.75.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the transaction, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. The trade was a 2.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.90% of the company’s stock.

Ducommun Trading Up 0.6%

Shares of DCO opened at $100.76 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $101.47. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -43.06 and a beta of 1.07. The business’s fifty day moving average is $92.83 and its 200-day moving average is $91.62.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.04. The company had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.Ducommun’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the business posted $0.67 EPS. Equities analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.