Easterly Investment Partners LLC Makes New $656,000 Investment in Ducommun Incorporated (NYSE:DCO)

Easterly Investment Partners LLC acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 11,306 shares of the aerospace company’s stock, valued at approximately $656,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in DCO. Hennion & Walsh Asset Management Inc. grew its position in Ducommun by 52.3% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 8,746 shares of the aerospace company’s stock valued at $508,000 after acquiring an additional 3,005 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of Ducommun by 12.5% during the 2nd quarter. Annex Advisory Services LLC now owns 21,012 shares of the aerospace company’s stock valued at $1,220,000 after purchasing an additional 2,340 shares during the last quarter. Quadrature Capital Ltd bought a new stake in Ducommun in the first quarter worth $387,000. Gabelli Funds LLC lifted its stake in Ducommun by 2.1% in the first quarter. Gabelli Funds LLC now owns 62,255 shares of the aerospace company’s stock worth $3,194,000 after purchasing an additional 1,275 shares during the last quarter. Finally, Keeley Teton Advisors LLC grew its stake in shares of Ducommun by 12.8% during the first quarter. Keeley Teton Advisors LLC now owns 43,883 shares of the aerospace company’s stock valued at $2,251,000 after buying an additional 4,988 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 0.5 %

Shares of NYSE:DCO traded down $0.32 during midday trading on Monday, reaching $64.59. The company’s stock had a trading volume of 6,019 shares, compared to its average volume of 82,369. Ducommun Incorporated has a 12-month low of $42.31 and a 12-month high of $66.13. The firm has a market capitalization of $950.51 million, a P/E ratio of 54.55 and a beta of 1.38. The firm has a 50 day moving average of $60.65 and a 200-day moving average of $55.86. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. Ducommun’s revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, research analysts anticipate that Ducommun Incorporated will post 2.73 earnings per share for the current year.

Insider Buying and Selling

In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the sale, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at $4,097,629.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen G. Oswald sold 2,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $58.23, for a total transaction of $116,460.00. Following the sale, the chief executive officer now owns 347,539 shares in the company, valued at $20,237,195.97. The disclosure for this sale can be found here. Insiders sold 6,070 shares of company stock valued at $366,171 over the last 90 days. Company insiders own 8.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, Truist Financial reiterated a “buy” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Ducommun in a report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $71.00.

Ducommun 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.