Monarch Partners Asset Management LLC lifted its position in shares of Ducommun Incorporated (NYSE:DCO) by 55.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 15,561 shares of the aerospace company’s stock after acquiring an additional 5,520 shares during the quarter. Monarch Partners Asset Management LLC owned approximately 0.13% of Ducommun worth $660,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in shares of Ducommun during the 2nd quarter worth $25,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Ducommun by 72.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,365 shares of the aerospace company’s stock worth $58,000 after purchasing an additional 574 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Ducommun by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 41,542 shares of the aerospace company’s stock worth $1,873,000 after purchasing an additional 653 shares in the last quarter. United Services Automobile Association lifted its holdings in Ducommun by 4.0% during the 2nd quarter. United Services Automobile Association now owns 18,274 shares of the aerospace company’s stock worth $824,000 after purchasing an additional 700 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Ducommun by 3.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 25,537 shares of the aerospace company’s stock worth $1,151,000 after purchasing an additional 740 shares in the last quarter. Institutional investors own 82.66% of the company’s stock.
In other Ducommun news, Director Robert C. Ducommun sold 600 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $46.62, for a total value of $27,972.00. Following the sale, the director now owns 404,115 shares of the company’s stock, valued at approximately $18,839,841.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Rose F. Rogers sold 2,300 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $42.75, for a total value of $98,325.00. Following the completion of the sale, the vice president now directly owns 24,918 shares in the company, valued at approximately $1,065,244.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,900 shares of company stock worth $172,797. Insiders own 8.50% of the company’s stock.
A number of analysts recently issued reports on the company. Sidoti dropped their price objective on Ducommun from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. ValuEngine raised Ducommun from a “sell” rating to a “hold” rating in a report on Friday. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price objective on the stock in a report on Tuesday, August 6th. Finally, Zacks Investment Research cut Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $45.80.
DCO traded up $0.30 during trading on Friday, reaching $46.57. 115,081 shares of the company were exchanged, compared to its average volume of 72,963. The company’s 50-day moving average is $42.32 and its two-hundred day moving average is $43.74. The company has a market cap of $534.88 million, a price-to-earnings ratio of 23.40 and a beta of 0.77. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.84. Ducommun Incorporated has a 12-month low of $33.30 and a 12-month high of $52.04.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Wednesday, October 30th. The aerospace company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. Ducommun had a return on equity of 10.70% and a net margin of 3.47%. The firm had revenue of $181.10 million for the quarter, compared to analysts’ expectations of $174.05 million. During the same quarter last year, the firm posted $0.62 EPS. The company’s revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Ducommun Incorporated will post 2.61 earnings per share for the current year.
Ducommun Company Profile
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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