Ducommun Incorporated (NYSE:DCO) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC boosted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 323.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,505 shares of the aerospace company’s stock after purchasing an additional 1,914 shares during the quarter. EntryPoint Capital LLC’s holdings in Ducommun were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DCO. GW&K Investment Management LLC bought a new stake in Ducommun during the 4th quarter valued at $13,699,000. Vanguard Group Inc. raised its stake in Ducommun by 8.1% during the 3rd quarter. Vanguard Group Inc. now owns 723,575 shares of the aerospace company’s stock valued at $31,483,000 after acquiring an additional 54,228 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Ducommun during the 4th quarter valued at $953,000. Dimensional Fund Advisors LP raised its stake in shares of Ducommun by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock worth $52,916,000 after buying an additional 17,897 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Ducommun by 7.6% during the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock worth $11,259,000 after purchasing an additional 15,494 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

DCO has been the topic of a number of research analyst reports. StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. The Goldman Sachs Group boosted their price target on Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $65.25.

Insider Buying and Selling at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $58.23, for a total value of $116,460.00. Following the completion of the transaction, the chief executive officer now owns 347,539 shares of the company’s stock, valued at approximately $20,237,195.97. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 8.80% of the company’s stock.

Ducommun Stock Up 2.1 %

Shares of NYSE:DCO traded up $1.30 on Friday, reaching $64.17. The company had a trading volume of 13,500 shares, compared to its average volume of 87,827. Ducommun Incorporated has a twelve month low of $42.31 and a twelve month high of $64.35. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $944.58 million, a P/E ratio of 52.85 and a beta of 1.38. The stock has a 50-day moving average price of $58.67 and a 200 day moving average price of $53.87.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The business had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $189.20 million. During the same quarter in the previous year, the firm earned $0.63 EPS. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Ducommun Incorporated will post 2.73 EPS for the current year.

Ducommun Company Profile

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