Deutsche Bank AG Takes Position in Ducommun Incorporated $DCO

Deutsche Bank AG purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the second quarter, Holdings Channel reports. The institutional investor purchased 221,884 shares of the aerospace company’s stock, valued at approximately $41,095,000.

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

Insiders Place Their Bets

In other news, CEO Stephen G. Oswald sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the transaction, the chief executive officer owned 383,864 shares in the company, valued at $78,289,062.80. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction 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 directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 8,855 shares of company stock valued at $1,759,228. Corporate insiders own 5.00% of the company’s stock.

Ducommun Stock Up 1.3%

Shares of NYSE:DCO opened at $191.61 on Friday. The stock’s 50-day moving average is $180.55 and its 200 day moving average is $150.99. Ducommun Incorporated has a 1 year low of $84.76 and a 1 year high of $210.39. The company has a market cap of $2.89 billion, a PE ratio of -102.46 and a beta of 1.04. 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 posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.88 EPS. Sell-side analysts anticipate that Ducommun Incorporated will post 4.26 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on DCO shares. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Royal Bank Of Canada raised their target price on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research note on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Finally, Citigroup reissued a “buy” rating on shares of Ducommun in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Ducommun presently has a consensus rating of “Moderate Buy” and an average price target of $192.60.

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.