Victory Capital Management Inc. Lowers Stock Position in Ducommun Incorporated (NYSE:DCO)

Victory Capital Management Inc. lessened its stake in Ducommun Incorporated (NYSE:DCO) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,600 shares of the aerospace company’s stock after selling 900 shares during the period. Victory Capital Management Inc. owned approximately 0.13% of Ducommun worth $1,080,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in DCO. Charles Schwab Investment Management Inc. raised its holdings in shares of Ducommun by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 188,363 shares of the aerospace company’s stock valued at $9,806,000 after buying an additional 10,090 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Ducommun by 535.3% during the fourth quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock worth $867,000 after acquiring an additional 14,025 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Ducommun by 1.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock valued at $52,916,000 after buying an additional 17,897 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Ducommun by 17.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,133 shares of the aerospace company’s stock valued at $580,000 after buying an additional 1,675 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in shares of Ducommun in the fourth quarter worth about $476,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

NYSE:DCO opened at $65.43 on Friday. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38. The firm’s fifty day simple moving average is $63.13 and its 200 day simple moving average is $57.83. The stock has a market cap of $962.87 million, a P/E ratio of 54.98 and a beta of 1.38. Ducommun Incorporated has a twelve month low of $42.31 and a twelve month high of $66.77.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $197.00 million during the quarter, compared to the consensus estimate of $194.57 million. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. Ducommun’s revenue was up 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 earnings per share. As a group, research analysts predict that Ducommun Incorporated will post 2.93 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, Truist Financial reissued a “buy” rating and issued a $72.00 price target (up previously from $65.00) on shares of Ducommun in a report on Friday, August 9th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $71.00.

Insider Activity

In related news, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at $4,097,629.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, VP Jerry L. Redondo sold 3,300 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total transaction of $200,277.00. Following the completion of the transaction, the vice president now owns 63,826 shares of the company’s stock, valued at approximately $3,873,599.94. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the transaction, the vice president now owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. The disclosure for this sale can be found here. 8.80% of the stock is currently owned by company insiders.

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.