Mitsubishi UFJ Asset Management Co. Ltd. Purchases Shares of 84,866 Ducommun Incorporated $DCO

Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Ducommun Incorporated (NYSE:DCO) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 84,866 shares of the aerospace company’s stock, valued at approximately $15,718,000.

Several other hedge funds and other institutional investors have also modified their holdings of DCO. Optiver Holding B.V. purchased a new stake in shares of Ducommun during the 1st quarter worth about $27,000. EverSource Wealth Advisors LLC increased its position in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. State of Wyoming purchased a new position in Ducommun in the first quarter valued at approximately $35,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ducommun in the first quarter valued at approximately $56,000. Finally, KBC Group NV acquired a new position in Ducommun during the first quarter valued at approximately $71,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Price Performance

Shares of NYSE DCO opened at $188.31 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The business has a 50 day moving average price of $180.02 and a two-hundred day moving average price of $150.70. The firm has a market cap of $2.84 billion, a PE ratio of -100.70 and a beta of 1.04.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.20. The company had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. Sell-side analysts expect that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on DCO shares. The Goldman Sachs Group reissued a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Royal Bank Of Canada lifted their target price on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.60.

Insider Activity

In other news, CEO Stephen G. Oswald sold 5,766 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president owned 11,172 shares of the company’s stock, valued at $1,698,032.28. This represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 8,855 shares of company stock valued at $1,759,228 over the last ninety days. Company insiders own 5.00% of the company’s stock.

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.