Ducommun Incorporated $DCO Shares Acquired by Sei Investments Co.

Sei Investments Co. increased its position in shares of Ducommun Incorporated (NYSE:DCO) by 122.8% during the first quarter, Holdings Channel reports. The fund owned 48,840 shares of the aerospace company’s stock after acquiring an additional 26,923 shares during the quarter. Sei Investments Co.’s holdings in Ducommun were worth $5,958,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock valued at $25,034,000 after acquiring an additional 288,496 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Ducommun during the 4th quarter worth $26,028,000. Millennium Management LLC boosted its holdings in shares of Ducommun by 267.3% during the fourth quarter. Millennium Management LLC now owns 116,872 shares of the aerospace company’s stock worth $11,118,000 after purchasing an additional 85,056 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Ducommun by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 186,835 shares of the aerospace company’s stock worth $17,774,000 after purchasing an additional 82,859 shares during the last quarter. Finally, Two Sigma Investments LP grew its position in shares of Ducommun by 839.7% in the third quarter. Two Sigma Investments LP now owns 72,740 shares of the aerospace company’s stock valued at $6,992,000 after purchasing an additional 64,999 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of Ducommun stock opened at $192.09 on Wednesday. Ducommun Incorporated has a twelve month low of $84.76 and a twelve month high of $196.63. The stock has a market capitalization of $2.90 billion, a P/E ratio of -81.39 and a beta of 1.04. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. The business’s fifty day moving average price is $168.75 and its 200 day moving average price is $143.44.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 earnings per share. As a group, research analysts anticipate that Ducommun Incorporated will post 4.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DCO has been the topic of several recent analyst reports. Citigroup increased their target price on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. B. Riley Financial upped their price objective on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings upgraded shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Royal Bank Of Canada cut shares of Ducommun from an “outperform” rating to a “sector perform” rating and raised their target price for the stock from $155.00 to $175.00 in a research report on Thursday, July 9th. Finally, Truist Financial boosted their target price on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $175.80.

Insider Transactions at Ducommun

In related news, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This represents a 4.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares in the company, valued at $1,698,032.28. The trade was a 5.01% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by company insiders.

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.