NorthCrest Asset Manangement LLC Makes New $642,000 Investment in Ducommun Incorporated $DCO

NorthCrest Asset Manangement LLC bought a new position in Ducommun Incorporated (NYSE:DCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,659 shares of the aerospace company’s stock, valued at approximately $642,000.

Several other large investors have also modified their holdings of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Ducommun in the third quarter valued at about $63,000. New York State Teachers Retirement System bought a new stake in shares of Ducommun in the 3rd quarter valued at approximately $120,000. Oliver Luxxe Assets LLC raised its position in shares of Ducommun by 1.3% during the 3rd quarter. Oliver Luxxe Assets LLC now owns 31,893 shares of the aerospace company’s stock valued at $3,066,000 after acquiring an additional 404 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Ducommun during the third quarter worth $79,000. Finally, SG Americas Securities LLC acquired a new position in Ducommun in the third quarter worth $849,000. Institutional investors own 92.15% of the company’s stock.

Insider Activity

In related news, VP Jerry L. Redondo sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.90% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Citigroup raised their target price on shares of Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. The Goldman Sachs Group increased their price target on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $113.00.

Ducommun Price Performance

Shares of DCO opened at $115.26 on Thursday. Ducommun Incorporated has a one year low of $51.76 and a one year high of $115.34. The stock’s fifty day moving average is $96.67 and its 200-day moving average is $93.63. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. The firm has a market capitalization of $1.72 billion, a price-to-earnings ratio of -49.25 and a beta of 1.07.

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