CSM Advisors LLC Invests $7.03 Million in Ducommun Incorporated $DCO

CSM Advisors LLC bought a new position in Ducommun Incorporated (NYSE:DCO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 85,090 shares of the aerospace company’s stock, valued at approximately $7,031,000. CSM Advisors LLC owned 0.57% of Ducommun as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCO. CWM LLC boosted its position in shares of Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 149 shares during the period. Virtus Advisers LLC bought a new position in Ducommun in the 1st quarter valued at $103,000. Ethic Inc. bought a new position in Ducommun in the 2nd quarter valued at $204,000. KLP Kapitalforvaltning AS grew its position in shares of Ducommun by 26.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock valued at $240,000 after purchasing an additional 600 shares in the last quarter. Finally, Envestnet Asset Management Inc. bought a new position in shares of Ducommun in the second quarter worth $258,000. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Up 0.4%

Shares of DCO opened at $89.49 on Monday. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $101.47. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The stock has a 50 day simple moving average of $93.49 and a two-hundred day simple moving average of $84.32. The firm has a market cap of $1.34 billion, a P/E ratio of 34.03 and a beta of 1.38.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The firm had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. During the same period last year, the firm posted $0.67 earnings per share. The business’s revenue was up 5.6% compared to the same quarter last year. On average, analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday. Zacks Research upgraded Ducommun to a “hold” rating in a research report on Monday, August 11th. Citigroup restated a “buy” rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Royal Bank Of Canada lifted their target price on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Finally, Weiss Ratings cut shares of Ducommun from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Ducommun presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.50.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.