Northern Trust Corp cut its stake in Ducommun Incorporated (NYSE:DCO) by 12.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,134 shares of the aerospace company’s stock after selling 26,081 shares during the quarter. Northern Trust Corp owned about 1.67% of Ducommun worth $5,941,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of DCO. American International Group Inc. increased its stake in Ducommun by 7.1% in the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after purchasing an additional 422 shares during the period. Alliancebernstein L.P. purchased a new stake in Ducommun in the second quarter worth $221,000. UBS Group AG increased its stake in Ducommun by 321.7% in the first quarter. UBS Group AG now owns 13,760 shares of the aerospace company’s stock worth $396,000 after purchasing an additional 10,497 shares during the period. Municipal Employees Retirement System of Michigan purchased a new stake in Ducommun in the second quarter worth $496,000. Finally, Teachers Advisors LLC increased its stake in Ducommun by 0.5% in the second quarter. Teachers Advisors LLC now owns 19,905 shares of the aerospace company’s stock worth $629,000 after purchasing an additional 101 shares during the period. Institutional investors own 81.07% of the company’s stock.
Ducommun Incorporated (DCO) opened at $26.02 on Wednesday. The company has a market capitalization of $292.61, a price-to-earnings ratio of 18.85 and a beta of 0.87. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.06 and a current ratio of 2.46. Ducommun Incorporated has a 52 week low of $24.23 and a 52 week high of $35.58.
Ducommun (NYSE:DCO) last announced its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.38 by $0.03. The firm had revenue of $138.70 million for the quarter, compared to analyst estimates of $143.72 million. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share. analysts forecast that Ducommun Incorporated will post 0.59 EPS for the current year.
A number of analysts have weighed in on DCO shares. TheStreet upgraded Ducommun from a “c” rating to a “b-” rating in a research note on Thursday, November 2nd. B. Riley set a $40.00 target price on Ducommun and gave the stock a “buy” rating in a research note on Monday, October 30th. Canaccord Genuity reiterated a “buy” rating and issued a $36.00 target price on shares of Ducommun in a research note on Tuesday, September 12th. ValuEngine upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Monday, September 11th. Finally, Sidoti upgraded Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Monday. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $36.80.
In other news, Director Anthony J. Reardon sold 3,300 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the transaction, the director now owns 127,724 shares in the company, valued at $3,523,905.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Anthony J. Reardon sold 7,726 shares of Ducommun stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $27.66, for a total value of $213,701.16. Following the completion of the transaction, the director now owns 123,523 shares in the company, valued at approximately $3,416,646.18. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,701 shares of company stock worth $1,237,582. Insiders own 8.20% of the company’s stock.
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Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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