First Eagle Investment Management LLC Increases Position in Ducommun Incorporated (NYSE:DCO)

First Eagle Investment Management LLC raised its position in shares of Ducommun Incorporated (NYSE:DCO) by 2.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 223,979 shares of the aerospace company’s stock after purchasing an additional 4,500 shares during the period. First Eagle Investment Management LLC owned approximately 1.52% of Ducommun worth $13,004,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Diamond Hill Capital Management Inc. boosted its stake in Ducommun by 70.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after buying an additional 46,544 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ducommun by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock valued at $52,916,000 after purchasing an additional 17,897 shares during the last quarter. BNP Paribas Financial Markets raised its position in Ducommun by 535.3% in the 4th quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock worth $867,000 after purchasing an additional 14,025 shares during the period. Easterly Investment Partners LLC bought a new stake in Ducommun in the second quarter worth $656,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Ducommun by 5.7% during the fourth 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 during the period. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Stock Up 2.4 %

DCO stock opened at $66.61 on Friday. Ducommun Incorporated has a fifty-two week low of $42.31 and a fifty-two week high of $66.70. The business’s 50-day moving average is $63.01 and its two-hundred day moving average is $57.71. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.97 and a current ratio of 3.06. The company has a market cap of $980.16 million, a price-to-earnings ratio of 55.97 and a beta of 1.38.

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

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several research firms recently issued reports on DCO. Truist Financial restated a “buy” rating and set a $72.00 price target (up from $65.00) on shares of Ducommun in a research report on Friday, August 9th. The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ducommun currently has an average rating of “Buy” and a consensus target price of $71.00.

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.