Commerce Bank Takes Position in Ducommun Incorporated $DCO

Commerce Bank purchased a new position in Ducommun Incorporated (NYSE:DCO) during the second quarter, HoldingsChannel reports. The firm purchased 5,260 shares of the aerospace company’s stock, valued at approximately $974,000.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Ducommun during the second quarter valued at $359,395,000. Vanguard Group Inc. boosted its position in Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after purchasing an additional 19,143 shares during the last quarter. State Street Corp boosted its position in Ducommun by 10.4% in the fourth quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after purchasing an additional 63,070 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Ducommun by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock valued at $31,720,000 after purchasing an additional 5,899 shares during the period. Finally, GW&K Investment Management LLC grew its stake in shares of Ducommun by 2.0% during the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock valued at $30,420,000 after purchasing an additional 6,192 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Up 2.0%

DCO stock opened at $184.90 on Thursday. The business’s 50-day moving average price is $181.71 and its 200-day moving average price is $152.59. The stock has a market cap of $2.79 billion, a P/E ratio of -98.88 and a beta of 1.04. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a twelve month low of $84.76 and a twelve month high of $210.39.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. During the same quarter last year, the business earned $0.88 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts forecast that Ducommun Incorporated will post 4.26 EPS for the current year.

Insider Activity

In other news, CEO Stephen G. Oswald sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total transaction of $509,875.00. Following the sale, the chief executive officer directly owned 383,864 shares in the company, valued at $78,289,062.80. This trade represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Weiss Ratings lowered shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Truist Financial increased their price target on shares of Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and an average target price of $192.60.

Ducommun 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.