Gibson Capital LLC Reduces Holdings in Ducommun Incorporated $DCO

Gibson Capital LLC lessened its stake in shares of Ducommun Incorporated (NYSE:DCO) by 11.4% in the first quarter, Holdings Channel reports. The institutional investor owned 62,229 shares of the aerospace company’s stock after selling 8,000 shares during the period. Ducommun accounts for approximately 1.4% of Gibson Capital LLC’s portfolio, making the stock its 7th biggest position. Gibson Capital LLC’s holdings in Ducommun were worth $7,592,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Thornburg Investment Management Inc. purchased a new position in Ducommun in the third quarter worth about $12,953,000. Aberdeen Group plc grew its holdings in shares of Ducommun by 7.2% during the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after buying an additional 14,721 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Ducommun by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after acquiring an additional 19,143 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Ducommun by 248.9% during the fourth quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock valued at $2,930,000 after acquiring an additional 21,972 shares in the last quarter. Finally, Teton Advisors LLC purchased a new position in Ducommun in the 3rd quarter worth approximately $4,422,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Rajiv A. Tata sold 1,612 shares of Ducommun stock in a transaction that occurred on 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 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was 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 in the company, valued at $9,575,568.24. The trade was a 8.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 7,883 shares of company stock worth $1,200,336. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

DCO has been the topic of several recent analyst reports. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Truist Financial boosted their target price on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Citigroup upped their target price on shares of Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada raised their price target on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, B. Riley Financial lifted their price target on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Ducommun Stock Up 0.7%

NYSE DCO opened at $165.22 on Tuesday. Ducommun Incorporated has a 52 week low of $80.11 and a 52 week high of $168.74. 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 company has a market capitalization of $2.49 billion, a P/E ratio of -70.01 and a beta of 1.06. The stock’s 50-day moving average price is $147.74 and its 200-day moving average price is $126.16.

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

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.