Rhumbline Advisers Increases Holdings in Ducommun Incorporated (NYSE:DCO)

Rhumbline Advisers lifted its position in Ducommun Incorporated (NYSE:DCO) by 4.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 23,934 shares of the aerospace company’s stock after purchasing an additional 1,067 shares during the period. Rhumbline Advisers’ holdings in Ducommun were worth $1,390,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in Ducommun by 658.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after buying an additional 1,673 shares during the last quarter. EntryPoint Capital LLC increased its stake in shares of Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 1,914 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Ducommun in the 1st quarter worth $274,000. Hennion & Walsh Asset Management Inc. purchased a new position in Ducommun during the first quarter valued at $295,000. Finally, Inspire Investing LLC bought a new stake in Ducommun during the first quarter valued at about $359,000. Institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at Ducommun

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

Analyst Ratings Changes

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

Ducommun Stock Down 2.1 %

Shares of DCO opened at $65.17 on Friday. The business’s 50 day moving average is $63.13 and its 200 day moving average is $57.90. The company has a market capitalization of $959.04 million, a PE ratio of 54.76 and a beta of 1.38. Ducommun Incorporated has a 12-month low of $42.31 and a 12-month high of $66.77. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. The firm had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts expect that Ducommun Incorporated will post 2.93 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.