Diversify Advisory Services LLC Purchases New Stake in Ducommun Incorporated $DCO

Diversify Advisory Services LLC acquired a new position in Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 9,500 shares of the aerospace company’s stock, valued at approximately $1,744,000. Diversify Advisory Services LLC owned 0.06% of Ducommun as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Ducommun in the 2nd quarter worth approximately $359,395,000. Vanguard Group Inc. raised its stake in shares of Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after buying an additional 19,143 shares during the period. State Street Corp lifted its position in shares of Ducommun by 10.4% during the 4th quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock valued at $63,829,000 after buying 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 worth $31,720,000 after acquiring 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 worth $30,420,000 after acquiring an additional 6,192 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,855 shares of company stock valued at $1,759,228 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on DCO shares. Truist Financial boosted their price objective on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Royal Bank Of Canada boosted their target price on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.60.

Ducommun Price Performance

Shares of NYSE:DCO opened at $199.99 on Thursday. The company’s fifty day moving average price is $179.55 and its 200-day moving average price is $150.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The firm has a market capitalization of $3.02 billion, a price-to-earnings ratio of -106.94 and a beta of 1.04. Ducommun Incorporated has a one year low of $84.76 and a one year high of $210.39.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $214.32 million. During the same period in the previous year, the business earned $0.88 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts anticipate that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

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.