J. Goldman & Co LP Takes Position in Ducommun Incorporated $DCO

J. Goldman & Co LP purchased a new position in Ducommun Incorporated (NYSE:DCO) in the second quarter, Holdings Channel reports. The fund purchased 19,693 shares of the aerospace company’s stock, valued at approximately $3,647,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DCO. AQR Capital Management LLC raised its stake in Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after buying an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 in the last quarter. EverSource Wealth Advisors LLC grew its position 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 in the last quarter. First Trust Advisors LP increased its holdings in shares of Ducommun by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock valued at $480,000 after acquiring an additional 528 shares during the last quarter. Finally, Marshall Wace LLP raised 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 valued at $5,912,000 after acquiring an additional 5,212 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Stephen G. Oswald sold 2,500 shares of the stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the transaction, the chief executive officer owned 383,864 shares in the company, valued at $78,289,062.80. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction dated 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 directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 8,855 shares of company stock valued at $1,759,228 in the last ninety days. Corporate insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

DCO has been the topic of several research analyst reports. Royal Bank Of Canada raised their price objective on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, Citigroup reissued a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and a consensus price target of $192.60.

Ducommun Trading Down 1.4%

Shares of DCO stock opened at $181.32 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. Ducommun Incorporated has a 1 year low of $84.76 and a 1 year high of $210.39. The stock has a fifty day moving average of $181.29 and a two-hundred day moving average of $152.12. The firm has a market capitalization of $2.74 billion, a PE ratio of -96.96 and a beta of 1.04.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The company 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company earned $0.88 earnings per share. As a group, research analysts expect that Ducommun Incorporated will post 4.26 EPS for the current year.

Ducommun Company 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.