Susquehanna Fundamental Investments LLC Buys 4,932 Shares of Ducommun Incorporated $DCO

Susquehanna Fundamental Investments LLC grew its stake in shares of Ducommun Incorporated (NYSE:DCO) by 185.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,585 shares of the aerospace company’s stock after acquiring an additional 4,932 shares during the period. Susquehanna Fundamental Investments LLC owned 0.05% of Ducommun worth $1,405,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allworth Financial LP acquired a new stake in Ducommun during the 2nd quarter worth approximately $26,000. Optiver Holding B.V. acquired a new position in Ducommun in the 1st quarter valued at $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 buying an additional 297 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Ducommun during the second quarter worth $33,000. Finally, State of Wyoming bought a new stake in shares of Ducommun in the first quarter valued at about $35,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on DCO. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, Truist Financial boosted their price target on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.60.

Ducommun Stock Down 1.7%

NYSE DCO opened at $168.51 on Wednesday. The business has a fifty day moving average price of $182.54 and a two-hundred day moving average price of $154.08. The stock has a market capitalization of $2.54 billion, a PE ratio of -90.11 and a beta of 1.04. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The company had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. During the same quarter last year, the company posted $0.88 EPS. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts expect that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

Insider Activity at Ducommun

In other news, CEO Stephen G. Oswald sold 5,766 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the completion of the transaction, the chief executive officer 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.