Hantz Financial Services Inc. cut its stake in shares of Ducommun Incorporated (NYSE:DCO – Free Report) by 96.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 684 shares of the aerospace company’s stock after selling 18,292 shares during the period. Hantz Financial Services Inc.’s holdings in Ducommun were worth $65,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. boosted its holdings in Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after buying an additional 288,496 shares during the period. Aberdeen Group plc bought a new position in Ducommun in the 3rd quarter worth $19,035,000. Thornburg Investment Management Inc. bought a new position in Ducommun in the 3rd quarter worth $12,953,000. Two Sigma Investments LP boosted its holdings in Ducommun by 839.7% in the 3rd quarter. Two Sigma Investments LP now owns 72,740 shares of the aerospace company’s stock worth $6,992,000 after buying an additional 64,999 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in Ducommun by 111.1% in the 3rd quarter. Van ECK Associates Corp now owns 103,976 shares of the aerospace company’s stock worth $9,995,000 after buying an additional 54,726 shares during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on DCO shares. The Goldman Sachs Group increased their price objective on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a report on Monday, April 20th. Wall Street Zen downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a report on Monday, May 25th. Truist Financial increased their price objective on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. B. Riley Financial increased their price objective on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Citigroup increased their price objective on shares of Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a report on Monday, May 18th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.
Insider Activity
In other news, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the transaction, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the transaction, the vice president directly owned 33,171 shares in the company, valued at approximately $4,809,795. This trade represents a 4.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 18,323 shares of company stock valued at $2,566,201. Company insiders own 5.00% of the company’s stock.
Ducommun Stock Up 2.0%
Shares of NYSE:DCO opened at $149.83 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. Ducommun Incorporated has a 12 month low of $72.00 and a 12 month high of $156.32. The company has a 50-day moving average price of $139.92 and a 200 day moving average price of $120.14. The company has a market cap of $2.26 billion, a price-to-earnings ratio of -63.48 and a beta of 1.06.
Ducommun (NYSE:DCO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same quarter last year, the firm earned $0.83 EPS. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities research analysts predict that Ducommun Incorporated will post 4.07 earnings per share for the current year.
About Ducommun
Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.
Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.
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