The Manufacturers Life Insurance Company Makes New $1.20 Million Investment in Ducommun Incorporated $DCO

The Manufacturers Life Insurance Company bought a new position in Ducommun Incorporated (NYSE:DCO) during the second quarter, Holdings Channel.com reports. The firm bought 6,501 shares of the aerospace company’s stock, valued at approximately $1,204,000.

Several other institutional investors also recently modified their holdings of DCO. AQR Capital Management LLC increased its position in shares of Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after acquiring an additional 10,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after purchasing an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. First Trust Advisors LP grew its stake in Ducommun by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock valued at $480,000 after purchasing an additional 528 shares during the period. Finally, Marshall Wace LLP increased its position in shares of Ducommun by 7.9% during the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock valued at $5,912,000 after purchasing an additional 5,212 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their target price on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. Citigroup restated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Finally, B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Ducommun has a consensus rating of “Moderate Buy” and a consensus price target of $192.60.

Insider Buying and Selling

In other Ducommun news, CEO Stephen Oswald sold 2,500 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total transaction of $509,875.00. Following the completion of the transaction, the chief executive officer owned 383,864 shares in the company, valued at $78,289,062.80. This trade represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is currently owned by company insiders.

Ducommun Stock Performance

Shares of DCO opened at $167.93 on Friday. Ducommun Incorporated has a 1 year low of $84.76 and a 1 year high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The stock’s fifty day moving average price is $182.32 and its two-hundred day moving average price is $154.79. The firm has a market cap of $2.54 billion, a PE ratio of -89.80 and a beta of 1.04.

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

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.