Susquehanna Fundamental Investments LLC Purchases 4,932 Shares of Ducommun Incorporated $DCO

Susquehanna Fundamental Investments LLC lifted its position in shares of Ducommun Incorporated (NYSE:DCO) by 185.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,585 shares of the aerospace company’s stock after buying an additional 4,932 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Ducommun were worth $1,405,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Ducommun during the 2nd quarter worth approximately $359,395,000. Vanguard Group Inc. grew its stake in shares of Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after purchasing an additional 19,143 shares during the last quarter. Paradigm Capital Management Inc. NY acquired a new stake in Ducommun in the second quarter valued at $142,704,000. State Street Corp raised its position in Ducommun by 10.4% during the 4th quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after purchasing an additional 63,070 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Ducommun by 68.4% during the 2nd quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company’s stock worth $79,196,000 after buying an additional 173,616 shares during the period. Institutional investors own 92.15% of the company’s stock.

Insiders Place Their Bets

In other Ducommun news, CEO Stephen G. Oswald sold 5,766 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares in the company, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

Ducommun Stock Down 1.7%

Ducommun stock opened at $168.51 on Wednesday. The company has a market capitalization of $2.54 billion, a PE ratio of -90.11 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 firm’s fifty day moving average is $182.54 and its 200 day moving average is $154.08. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share 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 previous year, the firm posted $0.88 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DCO shares. Truist Financial increased their price target on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Royal Bank Of Canada boosted their price target on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Finally, Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $192.60.

Ducommun 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.