Emerald Acquisition Ltd. bought a new stake in Ducommun Inc. (NYSE:DCO) during the second quarter, Holdings Channel reports. The institutional investor bought 143,523 shares of the company’s stock, valued at approximately $2,839,000. Emerald Acquisition Ltd. owned approximately 1.29% of Ducommun as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. First Manhattan Co. bought a new stake in Ducommun during the second quarter valued at about $113,000. Emerald Mutual Fund Advisers Trust increased its stake in Ducommun by 24.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 15,841 shares of the company’s stock valued at $313,000 after buying an additional 3,159 shares in the last quarter. Strs Ohio increased its stake in Ducommun by 8.3% in the second quarter. Strs Ohio now owns 26,000 shares of the company’s stock valued at $514,000 after buying an additional 2,000 shares in the last quarter. Emerald Advisers Inc. PA increased its stake in Ducommun by 16.3% in the second quarter. Emerald Advisers Inc. PA now owns 33,159 shares of the company’s stock valued at $656,000 after buying an additional 4,646 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new stake in Ducommun during the second quarter valued at about $1,646,000. Hedge funds and other institutional investors own 79.41% of the company’s stock.
Ducommun Inc. (NYSE:DCO) traded down 0.84% during midday trading on Monday, reaching $22.32. The company’s stock had a trading volume of 66,693 shares. Ducommun Inc. has a one year low of $12.28 and a one year high of $24.86. The firm’s market cap is $249.23 million. The firm has a 50 day moving average price of $22.50 and a 200 day moving average price of $18.64.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 4th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. Ducommun had a negative net margin of 9.38% and a positive return on equity of 3.45%. The business earned $133.40 million during the quarter, compared to the consensus estimate of $141.54 million. During the same quarter in the previous year, the firm posted $0.16 EPS. The firm’s revenue was down 23.7% on a year-over-year basis. Equities research analysts forecast that Ducommun Inc. will post $1.43 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on DCO shares. Canaccord Genuity reiterated a “buy” rating and issued a $25.00 price objective on shares of Ducommun in a research report on Sunday, August 7th. FBR & Co reiterated a “buy” rating on shares of Ducommun in a research report on Friday, August 5th. B. Riley reiterated a “buy” rating and issued a $26.75 price objective on shares of Ducommun in a research report on Saturday, August 6th. Finally, Zacks Investment Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective on the stock in a research report on Monday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $23.63.
In other Ducommun news, VP Rose F. Rogers sold 5,000 shares of Ducommun stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $24.29, for a total value of $121,450.00. Following the completion of the sale, the vice president now owns 32,816 shares of the company’s stock, valued at approximately $797,100.64. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 9.10% of the stock is currently owned by company insiders.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and 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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