Paradigm Capital Management Inc. NY Makes New Investment in Ducommun Incorporated $DCO

Paradigm Capital Management Inc. NY bought a new stake in Ducommun Incorporated (NYSE:DCO) during the second quarter, Holdings Channel.com reports. The firm bought 770,500 shares of the aerospace company’s stock, valued at approximately $142,704,000. Ducommun makes up about 3.9% of Paradigm Capital Management Inc. NY’s holdings, making the stock its 7th biggest holding. Paradigm Capital Management Inc. NY owned 0.05% of Ducommun as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Ducommun by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares during the period. Meros Investment Management LP boosted its stake in Ducommun by 4.8% during the 4th quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock valued at $16,599,000 after purchasing an additional 7,945 shares during the period. Hsbc Holdings PLC boosted its stake in Ducommun by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company’s stock valued at $1,569,000 after purchasing an additional 7,269 shares during the period. Calamos Advisors LLC bought a new position in Ducommun in the 1st quarter worth about $960,000. Finally, SG Americas Securities LLC grew its position in Ducommun by 95.9% in the 1st quarter. SG Americas Securities LLC now owns 60,333 shares of the aerospace company’s stock worth $7,361,000 after purchasing an additional 29,534 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Stock Down 4.2%

Ducommun stock opened at $183.65 on Tuesday. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -98.21 and a beta of 1.04. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. The company’s 50-day moving average price is $180.92 and its two-hundred day moving average price is $151.68. Ducommun Incorporated has a 52 week low of $84.76 and a 52 week high of $210.39.

Ducommun (NYSE:DCO) last issued its quarterly 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. The company had revenue of $224.49 million during the quarter, compared to analyst estimates of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.88 EPS. On average, analysts expect that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DCO shares. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Finally, Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One investment 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 company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.60.

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 5,766 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares of the company’s stock, valued at $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the business’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 sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,855 shares of company stock worth $1,759,228 in the last quarter. Company insiders own 5.00% of the company’s stock.

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.