Gamco Investors INC. ET AL held its position in Ducommun Incorporated (NYSE:DCO) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,020 shares of the aerospace company’s stock at the end of the second quarter. Gamco Investors INC. ET AL owned about 0.67% of Ducommun worth $2,401,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of DCO. AQR Capital Management LLC increased its position in Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock valued at $4,543,000 after buying an additional 87,019 shares during the period. Wedge Capital Management L L P NC acquired a new position in Ducommun during the second quarter valued at $973,000. Bowling Portfolio Management LLC acquired a new position in Ducommun during the first quarter valued at $855,000. Vanguard Group Inc. increased its position in Ducommun by 7.0% in the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock valued at $12,712,000 after buying an additional 29,007 shares during the period. Finally, Oxford Asset Management acquired a new position in Ducommun during the first quarter valued at $681,000. Hedge funds and other institutional investors own 79.87% of the company’s stock.
Shares of Ducommun Incorporated (NYSE:DCO) opened at 26.26 on Friday. Ducommun Incorporated has a 1-year low of $18.70 and a 1-year high of $35.58. The firm has a market capitalization of $297.24 million, a PE ratio of 21.85 and a beta of 0.90. The firm’s 50 day moving average is $29.92 and its 200 day moving average is $30.43.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. The company had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. Ducommun’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 earnings per share. Analysts anticipate that Ducommun Incorporated will post $1.26 EPS for the current fiscal year.
Several equities analysts have weighed in on DCO shares. Zacks Investment Research upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a report on Tuesday, May 9th. Canaccord Genuity restated a “buy” rating and set a $35.00 target price on shares of Ducommun in a report on Thursday, June 22nd. BidaskClub downgraded shares of Ducommun from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Noble Financial restated a “hold” rating on shares of Ducommun in a report on Friday, August 4th. Finally, B. Riley upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 target price for the company in a report on Friday, May 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Ducommun presently has a consensus rating of “Hold” and a consensus price target of $36.25.
In other news, Director Anthony J. Reardon sold 3,300 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $27.59, for a total transaction of $91,047.00. Following the sale, the director now owns 127,724 shares of the company’s stock, valued at $3,523,905.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen G. Oswald purchased 10,000 shares of the company’s stock in a transaction dated Thursday, June 29th. The shares were acquired at an average cost of $28.56 per share, for a total transaction of $285,600.00. Following the transaction, the chief executive officer now owns 55,700 shares of the company’s stock, valued at $1,590,792. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 12,300 shares of company stock worth $380,831. 8.20% of the stock is currently owned by insiders.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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