Ducommun Incorporated $DCO is AMH Equity Ltd’s 8th Largest Position

AMH Equity Ltd increased its position in shares of Ducommun Incorporated (NYSE:DCO) by 22.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,000 shares of the aerospace company’s stock after acquiring an additional 6,000 shares during the period. Ducommun comprises approximately 3.6% of AMH Equity Ltd’s portfolio, making the stock its 8th biggest holding. AMH Equity Ltd owned about 0.22% of Ducommun worth $2,727,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Ducommun by 2.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company’s stock worth $8,480,000 after acquiring an additional 3,561 shares in the last quarter. GSA Capital Partners LLP increased its position in Ducommun by 40.6% during the first quarter. GSA Capital Partners LLP now owns 24,653 shares of the aerospace company’s stock worth $1,431,000 after buying an additional 7,123 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Ducommun during the second quarter worth $4,318,000. Vanguard Group Inc. increased its position in Ducommun by 2.5% during the first quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock worth $44,532,000 after buying an additional 18,436 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new position in Ducommun during the first quarter worth $272,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DCO. Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Saturday, October 25th. Royal Bank Of Canada upped their price objective on shares of Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a report on Friday, August 8th. Zacks Research upgraded shares of Ducommun to a “hold” rating in a report on Monday, August 11th. Citigroup reissued a “buy” rating and set a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Finally, Truist Financial raised their price target on Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Ducommun Stock Down 1.7%

DCO stock opened at $91.83 on Friday. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $101.47. The company has a market cap of $1.37 billion, a PE ratio of 34.92 and a beta of 1.38. The business’s 50-day simple moving average is $93.67 and its 200 day simple moving average is $82.47. 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 released its earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $199.29 million. During the same period last year, the business earned $0.52 earnings per share. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

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.