Mitsubishi UFJ Asset Management Co. Ltd. Buys 16,188 Shares of Ducommun Incorporated $DCO

Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Ducommun Incorporated (NYSE:DCO) by 42.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,243 shares of the aerospace company’s stock after acquiring an additional 16,188 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Ducommun were worth $4,482,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of DCO. CWM LLC raised its holdings in shares of Ducommun by 27.7% in the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after purchasing an additional 149 shares during the period. Virtus Advisers LLC bought a new position in Ducommun during the first quarter valued at $103,000. Ethic Inc. purchased a new stake in Ducommun in the second quarter worth $204,000. KLP Kapitalforvaltning AS raised its stake in shares of Ducommun by 26.1% in the second quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock valued at $240,000 after buying an additional 600 shares during the period. Finally, Envestnet Asset Management Inc. purchased a new position in shares of Ducommun during the 2nd quarter valued at $258,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Buying and Selling at Ducommun

In related news, VP Jerry L. Redondo sold 1,594 shares of the stock in a transaction on Monday, November 10th. The stock was sold at an average price of $93.83, for a total value of $149,565.02. Following the sale, the vice president owned 67,269 shares in the company, valued at approximately $6,311,850.27. This trade represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 8.90% of the company’s stock.

Ducommun Trading Down 4.8%

Shares of Ducommun stock opened at $91.42 on Friday. The company’s 50-day moving average price is $93.84 and its 200-day moving average price is $85.01. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $101.47. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 34.76 and a beta of 1.38.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same quarter in the prior year, the firm posted $0.67 EPS. Ducommun’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DCO. Weiss Ratings lowered Ducommun from a “buy (b-)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Royal Bank Of Canada lifted their target price on shares of Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Zacks Research cut shares of Ducommun from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

Ducommun Company Profile

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.