23,911 Shares in Ducommun Incorporated $DCO Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC bought a new position in shares of Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 23,911 shares of the aerospace company’s stock, valued at approximately $4,429,000.

A number of other hedge funds have also bought and sold shares of DCO. AQR Capital Management LLC lifted its stake in shares of Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after buying an additional 10,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Ducommun by 4.1% in 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 last quarter. EverSource Wealth Advisors LLC raised its stake in 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. First Trust Advisors LP lifted its position in 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 acquiring an additional 528 shares during the period. Finally, Marshall Wace LLP grew its stake in Ducommun by 7.9% during the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock valued at $5,912,000 after purchasing an additional 5,212 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

DCO has been the subject of a number of research reports. Zacks Research raised Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Royal Bank Of Canada raised their price target on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. Weiss Ratings cut shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Truist Financial boosted their price target on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.60.

Ducommun Price Performance

Ducommun stock opened at $204.92 on Tuesday. The company has a fifty day simple moving average of $177.66 and a 200-day simple moving average of $148.89. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of -109.58 and a beta of 1.04. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. During the same period in the previous year, the business posted $0.88 earnings per share. Ducommun’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president directly owned 11,172 shares in the company, valued at $1,698,032.28. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Rajiv A. Tata sold 1,612 shares of Ducommun stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the transaction, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 7,967 shares of company stock valued at $1,483,093. 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.