Vanguard Group Inc. Purchases 16,985 Shares of Ducommun Incorporated $DCO

Vanguard Group Inc. grew its position in Ducommun Incorporated (NYSE:DCO) by 2.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 823,225 shares of the aerospace company’s stock after purchasing an additional 16,985 shares during the quarter. Vanguard Group Inc. owned about 0.06% of Ducommun worth $79,137,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DCO. Cornerstone Planning Group LLC increased its position in shares of Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after buying an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. Traub Capital Management LLC acquired a new position in Ducommun in the second quarter valued at about $35,000. Financial Consulate Inc. bought a new stake in shares of Ducommun in the third quarter worth about $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ducommun in the third quarter worth about $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Down 6.7%

NYSE DCO opened at $130.15 on Friday. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $140.02. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The stock’s 50 day moving average price is $115.25 and its two-hundred day moving average price is $100.58. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of -56.34 and a beta of 1.03.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. The company had revenue of $215.80 million for the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The firm’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.75 earnings per share. As a group, analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DCO has been the topic of several recent analyst reports. Citigroup lifted their price objective on Ducommun from $125.00 to $143.00 and gave the company a “buy” rating in a report on Monday. B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. The Goldman Sachs Group upped their price target on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Finally, Royal Bank Of Canada raised their price objective on shares of Ducommun from $100.00 to $142.00 and gave the stock an “outperform” rating in a report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Ducommun has an average rating of “Moderate Buy” and a consensus price target of $138.25.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the sale, 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 filing with the SEC, which is available through this link. Insiders own 8.90% of the company’s stock.

Ducommun 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.