Teton Advisors LLC reduced its holdings in shares of Ducommun Incorporated (NYSE:DCO – Free Report) by 41.8% during the first quarter, HoldingsChannel reports. The firm owned 19,500 shares of the aerospace company’s stock after selling 14,000 shares during the period. Ducommun comprises 1.7% of Teton Advisors LLC’s portfolio, making the stock its 13th biggest holding. Teton Advisors LLC’s holdings in Ducommun were worth $2,379,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of the business. State of Wyoming bought a new stake in Ducommun in the 1st quarter worth about $35,000. EverSource Wealth Advisors LLC lifted its stake in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the period. KBC Group NV bought a new position in Ducommun during the 1st quarter valued at about $71,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 107 shares during the last quarter. Finally, CIBC Private Wealth Group LLC purchased a new stake in shares of Ducommun during the 4th quarter valued at about $95,000. 92.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. The Goldman Sachs Group boosted 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. Citigroup raised their target price on shares of Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Truist Financial lifted their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada lowered shares of Ducommun from an “outperform” rating to a “sector perform” rating and boosted their target price for the company from $155.00 to $175.00 in a research note on Thursday, July 9th. Finally, B. Riley Financial increased their price target on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Ducommun presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.
Ducommun Trading Up 0.7%
Ducommun stock opened at $176.78 on Friday. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $196.63. The company has a market cap of $2.67 billion, a P/E ratio of -74.90 and a beta of 1.03. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $163.60 and a two-hundred day simple moving average of $139.47.
Ducommun (NYSE:DCO – Get Free Report) last issued its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. The firm had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 EPS. Analysts predict that Ducommun Incorporated will post 4.07 EPS for the current year.
Insider Buying and Selling at Ducommun
In other news, VP Rajiv A. Tata sold 1,612 shares of Ducommun stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the transaction, the vice president owned 33,171 shares in the company, valued at $4,809,795. This trade represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction 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 sale, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,883 shares of company stock valued at $1,200,336. Insiders own 5.00% of the company’s stock.
Ducommun Profile
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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