Ducommun Incorporated $DCO is Gibson Capital LLC’s 7th Largest Position

Gibson Capital LLC cut its position in shares of Ducommun Incorporated (NYSE:DCO) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,229 shares of the aerospace company’s stock after selling 1,000 shares during the period. Ducommun makes up 1.7% of Gibson Capital LLC’s portfolio, making the stock its 7th largest holding. Gibson Capital LLC’s holdings in Ducommun were worth $8,695,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in DCO. Nuveen LLC bought a new stake in Ducommun during the 1st quarter valued at about $5,097,000. LPL Financial LLC bought a new stake in Ducommun during the 1st quarter valued at about $5,052,000. Vident Advisory LLC bought a new stake in Ducommun during the 1st quarter valued at about $2,769,000. AMH Equity Ltd bought a new stake in Ducommun during the 1st quarter valued at about $1,567,000. Finally, Teacher Retirement System of Texas lifted its holdings in Ducommun by 49.2% during the 1st quarter. Teacher Retirement System of Texas now owns 74,576 shares of the aerospace company’s stock valued at $4,328,000 after buying an additional 24,585 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Down 6.0%

NYSE:DCO opened at $91.10 on Friday. Ducommun Incorporated has a one year low of $51.76 and a one year high of $97.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24. The firm has a market cap of $1.36 billion, a P/E ratio of 34.64 and a beta of 1.38. The firm has a 50-day simple moving average of $92.55 and a 200-day simple moving average of $78.75.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business had revenue of $202.26 million during the quarter, compared to analyst estimates of $199.29 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DCO shares. Zacks Research upgraded shares of Ducommun to a “hold” rating in a report on Monday, August 11th. Royal Bank Of Canada lifted their price objective on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 8th. Wall Street Zen upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 10th. Truist Financial boosted their price target on shares of Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 11th. Finally, The Goldman Sachs Group boosted their price target on shares of Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a report on Monday, June 23rd. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Ducommun currently has an average rating of “Moderate Buy” and an average target price of $97.50.

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.