CSM Advisors LLC Takes Position in Ducommun Incorporated $DCO

CSM Advisors LLC bought a new position in Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, Holdings Channel.com reports. The firm bought 85,090 shares of the aerospace company’s stock, valued at approximately $7,031,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in Ducommun by 27.7% during 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. Virtus Advisers LLC purchased a new stake in shares of Ducommun during the first quarter worth about $103,000. Ethic Inc. bought a new stake in shares of Ducommun in the second quarter worth about $204,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Ducommun in the first quarter worth about $219,000. Finally, Arizona State Retirement System increased its holdings in Ducommun by 4.8% during the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock valued at $221,000 after purchasing an additional 176 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Ducommun Stock Up 0.4%

Shares of Ducommun stock opened at $89.49 on Monday. 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 company has a 50-day moving average of $93.49 and a 200 day moving average of $84.32. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 34.03 and a beta of 1.38. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $101.47.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $212.56 million during the quarter, compared to analyst estimates of $211.41 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The firm’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.67 EPS. As a group, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal 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.