Van ECK Associates Corp Increases Position in Ducommun Incorporated $DCO

Van ECK Associates Corp lifted its position in Ducommun Incorporated (NYSE:DCO) by 68.4% in the second quarter, HoldingsChannel.com reports. The firm owned 427,603 shares of the aerospace company’s stock after purchasing an additional 173,616 shares during the quarter. Van ECK Associates Corp’s holdings in Ducommun were worth $79,196,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Allworth Financial LP bought a new position in Ducommun in the 2nd quarter worth $26,000. Optiver Holding B.V. bought a new stake in Ducommun during the first quarter valued at about $27,000. EverSource Wealth Advisors LLC raised its holdings in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Ducommun during the second quarter valued at about $33,000. Finally, State of Wyoming purchased a new position in shares of Ducommun in the first quarter valued at about $35,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Royal Bank Of Canada boosted their price target on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Ducommun in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Ducommun has an average rating of “Moderate Buy” and an average target price of $192.60.

Ducommun Trading Down 4.6%

Shares of Ducommun stock opened at $175.42 on Friday. Ducommun Incorporated has a twelve month low of $84.76 and a twelve month high of $210.39. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average price of $182.33 and a 200-day moving average price of $153.18. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of -93.81 and a beta of 1.04.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The company had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Equities research analysts anticipate that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Insider Transactions at Ducommun

In other news, CEO Stephen G. Oswald sold 2,500 shares of the company’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 transaction of $509,875.00. Following the sale, the chief executive officer directly owned 383,864 shares of the company’s stock, valued at $78,289,062.80. This represents a 0.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by insiders.

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.