Rice Hall James & Associates LLC Sells 4,586 Shares of Ducommun Incorporated $DCO

Rice Hall James & Associates LLC trimmed its stake in Ducommun Incorporated (NYSE:DCOFree Report) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,413 shares of the aerospace company’s stock after selling 4,586 shares during the period. Rice Hall James & Associates LLC’s holdings in Ducommun were worth $2,513,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DCO. EverSource Wealth Advisors LLC raised its position in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Ducommun by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 107 shares in the last quarter. CIBC Private Wealth Group LLC bought a new position in shares of Ducommun in the 4th quarter worth $95,000. Danske Bank A S bought a new position in shares of Ducommun in the 4th quarter worth $111,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of Ducommun in the 2nd quarter worth $145,000. 92.15% of the stock is owned by institutional investors.

Ducommun Stock Down 1.5%

Shares of DCO stock opened at $162.81 on Wednesday. Ducommun Incorporated has a 1-year low of $77.50 and a 1-year high of $168.74. The stock’s fifty day moving average price is $145.48 and its 200 day moving average price is $124.08. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -68.98 and a beta of 1.06.

Ducommun (NYSE:DCOGet Free Report) last posted its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $209.02 million for the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.83 EPS. On average, research analysts expect that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DCO has been the topic of several research analyst reports. B. Riley Financial boosted their target price on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Citigroup boosted their target price on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday. The Goldman Sachs Group boosted their target price on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Royal Bank Of Canada boosted their target price on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.00.

Get Our Latest Report on Ducommun

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Rajiv A. Tata sold 1,612 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the sale, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the sale, the vice president owned 62,034 shares in the company, valued at approximately $9,575,568.24. The trade was a 8.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by insiders.

Ducommun Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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