Rice Hall James & Associates LLC Reduces Stock Holdings in Ducommun Incorporated $DCO

Rice Hall James & Associates LLC reduced its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 14.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 26,413 shares of the aerospace company’s stock after selling 4,586 shares during the period. Rice Hall James & Associates LLC owned about 0.18% of Ducommun worth $2,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 107 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after acquiring an additional 117 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Ducommun by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 153 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 155 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Ducommun by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 2,523 shares of the aerospace company’s stock worth $240,000 after acquiring an additional 163 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on DCO shares. Truist Financial raised their price target on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group raised their price target on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday. B. Riley Financial raised their price target on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, Citigroup raised their price target on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Ducommun Trading Down 1.5%

Shares of NYSE DCO opened at $162.81 on Wednesday. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $145.48 and a two-hundred day simple moving average of $124.08. The firm has a market cap of $2.46 billion, a PE ratio of -68.98 and a beta of 1.06. Ducommun Incorporated has a twelve month low of $77.50 and a twelve month high of $168.74.

Ducommun (NYSE:DCO) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.Ducommun’s revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Analysts expect that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Insider Buying and Selling at Ducommun

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

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.