Mitsubishi UFJ Asset Management Co. Ltd. Invests $15.72 Million in Ducommun Incorporated $DCO

Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ducommun Incorporated (NYSE:DCO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 84,866 shares of the aerospace company’s stock, valued at approximately $15,718,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.56% of Ducommun as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in DCO. Optiver Holding B.V. purchased a new stake in shares of Ducommun during the 1st quarter worth $27,000. EverSource Wealth Advisors LLC increased 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 valued at $29,000 after purchasing an additional 297 shares in the last quarter. State of Wyoming acquired a new stake in shares of Ducommun in the first quarter valued at about $35,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ducommun in the first quarter valued at about $56,000. Finally, KBC Group NV purchased a new stake in Ducommun during the first quarter worth about $71,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Activity

In related news, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The shares were 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 approximately $1,698,032.28. The trade was a 5.01% 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 the SEC website. Also, CEO Stephen G. Oswald sold 5,766 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at $77,618,756.25. This trade represents a 1.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,855 shares of company stock worth $1,759,228. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on DCO. Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Citigroup reaffirmed a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Royal Bank Of Canada raised their target price on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. Finally, B. Riley Financial restated a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. One equities research 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 company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.60.

Ducommun Stock Performance

Ducommun stock opened at $188.31 on Friday. The firm has a market capitalization of $2.84 billion, a P/E ratio of -100.70 and a beta of 1.04. The stock has a fifty day moving average price of $180.02 and a 200 day moving average price of $150.70. Ducommun Incorporated has a 52 week low of $84.76 and a 52 week high of $210.39. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39.

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

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.