Oliver Luxxe Assets LLC Reduces Stake in Ducommun Incorporated $DCO

Oliver Luxxe Assets LLC cut its stake in Ducommun Incorporated (NYSE:DCO) by 46.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,510 shares of the aerospace company’s stock after selling 14,504 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Ducommun were worth $3,058,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of DCO. Optiver Holding B.V. acquired a new position in shares of Ducommun during the 1st quarter valued at about $27,000. EverSource Wealth Advisors LLC increased its position in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. State of Wyoming acquired a new stake in Ducommun during the first quarter worth about $35,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ducommun during the first quarter worth about $56,000. Finally, KBC Group NV purchased a new position in Ducommun during the first quarter worth about $71,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on DCO shares. Weiss Ratings cut shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday. The Goldman Sachs Group lifted their price target on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Friday. Truist Financial increased their price objective on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $180.80.

Ducommun Price Performance

Shares of NYSE DCO opened at $196.43 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -105.04 and a beta of 1.04. The stock’s 50-day moving average is $171.49 and its two-hundred day moving average is $144.97. Ducommun Incorporated has a 1-year low of $84.76 and a 1-year high of $210.39.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share 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 9.31%. The firm had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. During the same period in the prior year, the firm earned $0.88 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts forecast that Ducommun Incorporated will post 4.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the transaction, the vice president owned 62,034 shares in the company, valued at approximately $9,575,568.24. This represents a 8.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the sale, the vice president directly owned 33,171 shares in the company, valued at $4,809,795. This trade represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 7,883 shares of company stock valued at $1,200,336 in the last ninety days. Insiders own 5.00% of the company’s stock.

Trending Headlines about Ducommun

Here are the key news stories impacting Ducommun this week:

• Positive Sentiment: Second-quarter adjusted earnings were $1.18 per share, exceeding the $0.98 consensus estimate and rising from $0.88 a year earlier. Revenue increased 11% year over year to $224.49 million, also ahead of expectations. Ducommun Q2 earnings report
• Positive Sentiment: Management highlighted record revenue and gross margin, while remaining performance obligations reached an all-time high. The backlog provides greater visibility into future aerospace and defense sales. Ducommun second-quarter results
• Positive Sentiment: Growth in engineered products and strong missile-related demand were identified as key drivers of the quarterly outperformance, supporting the company’s exposure to defense and aerospace programs. DCO Q2 deep dive
• Neutral Sentiment: Royal Bank of Canada raised its price target from $175 to $200 but maintained a “sector performer” rating. The new target represents only about 1.8% potential upside based on the reference price, suggesting analysts see fairly limited near-term appreciation. RBC Ducommun price target update
• Negative Sentiment: Despite the earnings beat, Ducommun continues to report a negative net margin, and its elevated valuation—reflected in a price-to-earnings ratio below zero—could make the stock sensitive to profit-taking after its substantial run toward the 12-month high.

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.