NorthCrest Asset Manangement LLC Makes New $642,000 Investment in Ducommun Incorporated $DCO

NorthCrest Asset Manangement LLC acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 6,659 shares of the aerospace company’s stock, valued at approximately $642,000.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in 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 purchasing an additional 10,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Ducommun by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after buying an additional 319 shares during the period. KLP Kapitalforvaltning AS increased its holdings in shares of Ducommun by 26.1% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock worth $240,000 after buying an additional 600 shares during the last quarter. CWM LLC boosted its holdings in Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 149 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Ducommun during the second quarter valued at about $4,318,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. The Goldman Sachs Group raised their price objective on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup lifted their price target on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Finally, Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.

Ducommun Stock Performance

Shares of DCO stock opened at $115.26 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. The company’s fifty day moving average price is $96.67 and its two-hundred day moving average price is $93.63. The firm has a market capitalization of $1.72 billion, a P/E ratio of -49.25 and a beta of 1.07. Ducommun Incorporated has a 12 month low of $51.76 and a 12 month high of $115.34.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The business had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same period in the previous year, the company earned $0.67 earnings per share. The company’s revenue for the quarter was up 5.6% compared to the same quarter last year. On average, research analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Insider Activity

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the transaction, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 8.90% of the stock is currently owned by insiders.

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.