Hsbc Holdings PLC Takes $4.05 Million Position in Ducommun Incorporated $DCO

Hsbc Holdings PLC acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 21,760 shares of the aerospace company’s stock, valued at approximately $4,055,000. Hsbc Holdings PLC owned approximately 0.14% of Ducommun at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP purchased a new stake in Ducommun in the second quarter valued at approximately $26,000. Optiver Holding B.V. purchased a new position in Ducommun in the 1st quarter worth approximately $27,000. State of Wyoming bought a new position in shares of Ducommun in the 1st quarter worth $35,000. EverSource Wealth Advisors LLC increased its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ducommun during the 1st quarter valued at $56,000. 92.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on DCO shares. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Finally, B. Riley Financial restated a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.60.

Insiders Place Their Bets

In other news, CEO Stephen G. Oswald sold 2,500 shares of Ducommun stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the sale, the chief executive officer directly owned 383,864 shares in the company, valued at approximately $78,289,062.80. This trade represents a 0.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.00% of the company’s stock.

Ducommun Price Performance

Shares of Ducommun stock opened at $175.42 on Friday. The firm has a market cap of $2.65 billion, a PE ratio of -93.81 and a beta of 1.04. Ducommun Incorporated has a 12-month low of $84.76 and a 12-month high of $210.39. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The company’s fifty day simple moving average is $182.33 and its two-hundred day simple moving average is $153.18.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts expect that Ducommun Incorporated will post 4.26 EPS for the current year.

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.