Jupiter Topco LLC Makes New $1.12 Million Investment in Ducommun Incorporated $DCO

Jupiter Topco LLC acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,039 shares of the aerospace company’s stock, valued at approximately $1,117,000.

A number of other institutional investors have also recently made changes to their positions in DCO. Allworth Financial LP bought a new position in Ducommun during the second quarter valued at approximately $26,000. Optiver Holding B.V. bought a new stake in Ducommun in the 1st quarter worth approximately $27,000. State of Wyoming purchased a new stake in shares of Ducommun during the 1st quarter worth approximately $35,000. EverSource Wealth Advisors LLC boosted its position in shares of Ducommun by 618.8% during the 2nd 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 last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ducommun during the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on DCO. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Citigroup restated a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Finally, Royal Bank Of Canada lifted their price target on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $192.60.

Ducommun Price Performance

Shares of DCO stock opened at $167.93 on Friday. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a twelve month low of $84.76 and a twelve month high of $210.39. The stock has a fifty day simple moving average of $182.32 and a two-hundred day simple moving average of $154.79. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -89.80 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, beating analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. During the same quarter last year, the firm posted $0.88 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts predict that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen Oswald sold 5,766 shares of the business’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the completion of the transaction, the chief executive officer owned 385,875 shares of the company’s stock, valued at $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 5.00% of the stock is owned by company 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.