Verdence Capital Advisors LLC Makes New Investment in Ducommun Incorporated $DCO

Verdence Capital Advisors LLC purchased a new position in shares of Ducommun Incorporated (NYSE:DCO) in the second quarter, according to its most recent filing with the SEC. The firm purchased 3,253 shares of the aerospace company’s stock, valued at approximately $269,000.

Several other large investors have also added to or reduced their stakes in DCO. CWM LLC grew its stake in shares of Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after buying an additional 149 shares during the period. Arizona State Retirement System grew its stake in Ducommun by 4.8% in the first quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock valued at $221,000 after acquiring an additional 176 shares during the period. Oliver Luxxe Assets LLC grew its stake in Ducommun by 0.9% in the second quarter. Oliver Luxxe Assets LLC now owns 31,489 shares of the aerospace company’s stock valued at $2,602,000 after acquiring an additional 267 shares during the period. Martingale Asset Management L P grew its position in Ducommun by 0.9% in the 1st quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company’s stock valued at $2,048,000 after purchasing an additional 301 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after purchasing an additional 319 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of NYSE DCO opened at $91.88 on Friday. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $97.48. The stock’s 50 day moving average price is $92.73 and its 200-day moving average price is $79.58. The company has a market capitalization of $1.37 billion, a PE ratio of 34.93 and a beta of 1.38. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The business had revenue of $202.26 million for the quarter, compared to analysts’ expectations of $199.29 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. The business’s revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on DCO shares. The Goldman Sachs Group lifted their price objective on shares of Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Royal Bank Of Canada lifted their price target on Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Citigroup reiterated a “buy” rating and set a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Zacks Research raised Ducommun to a “hold” rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 10th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently 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.