Teton Advisors LLC Invests $4.42 Million in Ducommun Incorporated $DCO

Teton Advisors LLC purchased a new position in Ducommun Incorporated (NYSE:DCO) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 46,000 shares of the aerospace company’s stock, valued at approximately $4,422,000. Ducommun makes up 2.7% of Teton Advisors LLC’s portfolio, making the stock its 4th biggest holding. Teton Advisors LLC owned about 0.31% of Ducommun as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Orchard Capital Management LLC grew its holdings in Ducommun by 3.4% in the third quarter. Orchard Capital Management LLC now owns 28,301 shares of the aerospace company’s stock worth $2,721,000 after purchasing an additional 923 shares during the period. Integrated Quantitative Investments LLC purchased a new position in shares of Ducommun during the third quarter valued at approximately $342,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ducommun by 15.1% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,460 shares of the aerospace company’s stock worth $6,004,000 after purchasing an additional 8,217 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of Ducommun in the 3rd quarter worth approximately $12,953,000. Finally, Vanguard Group Inc. grew its stake in shares of Ducommun by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 823,225 shares of the aerospace company’s stock worth $79,137,000 after buying an additional 16,985 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.90% of the stock is currently owned by insiders.

Ducommun Price Performance

Shares of NYSE DCO opened at $128.92 on Friday. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $140.02. The firm has a market cap of $1.93 billion, a P/E ratio of -55.81 and a beta of 1.03. The company has a 50 day moving average of $115.90 and a 200 day moving average of $100.84. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. The business had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. As a group, research analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Truist Financial boosted their target price on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Royal Bank Of Canada raised their price target on Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.25.

About Ducommun

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.