Ducommun Incorporated (NYSE:DCO) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC decreased its position in shares of Ducommun Incorporated (NYSE:DCO) by 10.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,574 shares of the aerospace company’s stock after selling 10,714 shares during the quarter. AQR Capital Management LLC owned 0.65% of Ducommun worth $5,549,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Bragg Financial Advisors Inc grew its position in Ducommun by 0.3% during the fourth quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock valued at $5,216,000 after buying an additional 260 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Ducommun by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock valued at $1,274,000 after purchasing an additional 553 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Ducommun by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 584 shares during the period. Janney Montgomery Scott LLC boosted its position in Ducommun by 9.0% during the first quarter. Janney Montgomery Scott LLC now owns 12,132 shares of the aerospace company’s stock worth $622,000 after purchasing an additional 999 shares in the last quarter. Finally, Rhumbline Advisers grew its holdings in Ducommun by 4.7% in the second quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 1,067 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ducommun

In related news, 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 of the company’s stock, valued at approximately $3,873,599.94. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, VP Jerry L. Redondo sold 3,300 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 63,826 shares of the company’s stock, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock worth $329,295 in the last ninety days. Insiders own 8.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Ducommun Trading Up 0.3 %

Shares of DCO stock opened at $65.33 on Friday. Ducommun Incorporated has a fifty-two week low of $43.03 and a fifty-two week high of $67.04. 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 stock’s fifty day moving average is $63.79 and its two-hundred day moving average is $58.90. The firm has a market capitalization of $961.40 million, a P/E ratio of 54.90 and a beta of 1.38.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, topping 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 the consensus estimate of $194.57 million. During the same period last year, the firm posted $0.54 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Research analysts expect that Ducommun Incorporated will post 2.93 earnings per share for the current fiscal year.

About Ducommun

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.