Ducommun Incorporated $DCO Shares Purchased by Meros Investment Management LP

Meros Investment Management LP grew its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 4.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 174,485 shares of the aerospace company’s stock after acquiring an additional 7,945 shares during the period. Ducommun accounts for approximately 6.6% of Meros Investment Management LP’s investment portfolio, making the stock its biggest holding. Meros Investment Management LP’s holdings in Ducommun were worth $16,599,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of DCO. AQR Capital Management LLC grew its holdings in Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after acquiring an additional 10,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ducommun by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after acquiring an additional 319 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. First Trust Advisors LP boosted its position in shares of Ducommun by 10.0% during the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock worth $480,000 after purchasing an additional 528 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Ducommun by 7.9% during the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock worth $5,912,000 after purchasing an additional 5,212 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Price Performance

DCO opened at $165.37 on Tuesday. Ducommun Incorporated has a 1 year low of $76.45 and a 1 year high of $167.88. The firm’s fifty day moving average price is $144.77 and its two-hundred day moving average price is $123.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -70.07 and a beta of 1.06.

Ducommun (NYSE:DCO) last posted its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same quarter last year, the firm earned $0.83 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, analysts anticipate that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of Ducommun stock in a transaction that occurred 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 transaction, the vice president owned 11,172 shares of the company’s stock, valued at $1,698,032.28. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of Ducommun stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the transaction, the vice president directly owned 62,034 shares in the company, valued at approximately $9,575,568.24. This represents a 8.39% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 7,883 shares of company stock valued at $1,200,336 in the last 90 days. 5.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Citigroup increased their price objective on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. The Goldman Sachs Group increased their price objective on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank Of Canada increased their price objective on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, B. Riley Financial increased their price objective on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Ducommun has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

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.