Ducommun Incorporated $DCO Stock Holdings Lessened by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lessened its stake in shares of Ducommun Incorporated (NYSE:DCO) by 13.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 449,461 shares of the aerospace company’s stock after selling 67,639 shares during the period. Gamco Investors INC. ET AL’s holdings in Ducommun were worth $54,834,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DCO. EverSource Wealth Advisors LLC grew its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares during the last quarter. State of Wyoming acquired a new stake in shares of Ducommun during the first quarter worth $35,000. KBC Group NV purchased a new stake in shares of Ducommun during the first quarter valued at $71,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Ducommun by 16.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 107 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new position in shares of Ducommun in the 4th quarter valued at $95,000. 92.15% of the stock is owned by institutional investors.

Ducommun Price Performance

Shares of DCO opened at $176.78 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The firm has a market cap of $2.67 billion, a PE ratio of -74.90 and a beta of 1.03. The firm’s 50 day moving average price is $163.60 and its 200 day moving average price is $139.47. Ducommun Incorporated has a twelve month low of $84.76 and a twelve month high of $196.63.

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 company had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same period in the previous year, the firm posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, research analysts expect that Ducommun Incorporated will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen cut Ducommun from a “buy” rating to a “hold” rating in a research note on Saturday, July 18th. B. Riley Financial upped their price objective on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Citigroup raised their target price on shares of Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. The Goldman Sachs Group lifted their target price 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. Finally, Weiss Ratings raised shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $175.80.

Insider Activity at Ducommun

In related news, VP Rajiv A. Tata sold 1,612 shares of Ducommun stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. The trade was a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the transaction, the vice president directly owned 11,172 shares in the company, valued at $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 7,883 shares of company stock valued at $1,200,336. Insiders own 5.00% of the company’s stock.

About Ducommun

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.