First Trust Advisors LP Boosts Position in Ducommun Incorporated (NYSE:DCO)

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First Trust Advisors LP increased its stake in Ducommun Incorporated (NYSE:DCO) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,068 shares of the aerospace company’s stock after buying an additional 5,122 shares during the period. First Trust Advisors LP owned 0.21% of Ducommun worth $1,020,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd bought a new position in Ducommun during the 2nd quarter worth about $25,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Ducommun during the 2nd quarter worth about $36,000. New York State Teachers Retirement System bought a new stake in shares of Ducommun in the 2nd quarter valued at about $41,000. Griffin Asset Management Inc. bought a new stake in shares of Ducommun in the 2nd quarter valued at about $65,000. Finally, Bank of Montreal Can boosted its holdings in shares of Ducommun by 422.8% in the 2nd quarter. Bank of Montreal Can now owns 1,924 shares of the aerospace company’s stock valued at $87,000 after buying an additional 1,556 shares in the last quarter. Institutional investors own 83.06% of the company’s stock.

A number of analysts have recently weighed in on DCO shares. Noble Financial upgraded shares of Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price target on the stock in a report on Tuesday, August 6th. ValuEngine upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Zacks Investment Research cut shares of Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Finally, Sidoti lowered their price target on shares of Ducommun from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.75.

NYSE:DCO opened at $48.88 on Monday. Ducommun Incorporated has a fifty-two week low of $33.30 and a fifty-two week high of $52.04. The stock has a market capitalization of $566.95 million, a P/E ratio of 24.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.52 and a current ratio of 2.35. The company’s 50-day simple moving average is $44.97 and its 200-day simple moving average is $44.33.

Ducommun (NYSE:DCO) last released its earnings results on Wednesday, October 30th. The aerospace company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. The company had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $174.05 million. Ducommun had a net margin of 3.47% and a return on equity of 10.70%. Ducommun’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the business earned $0.62 EPS. On average, research analysts forecast that Ducommun Incorporated will post 2.61 EPS for the current year.

In related news, Director Robert C. Ducommun sold 600 shares of Ducommun stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $46.62, for a total value of $27,972.00. Following the completion of the sale, the director now directly owns 404,115 shares in the company, valued at approximately $18,839,841.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $46.50, for a total transaction of $46,500.00. Following the completion of the sale, the director now owns 404,715 shares of the company’s stock, valued at $18,819,247.50. The disclosure for this sale can be found here. 8.50% of the stock is owned by company insiders.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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