Wellington Management Group LLP Sells 21,188 Shares of Ducommun Incorporated $DCO

Wellington Management Group LLP decreased its position in Ducommun Incorporated (NYSE:DCO) by 30.3% in the 2nd quarter, HoldingsChannel reports. The fund owned 48,639 shares of the aerospace company’s stock after selling 21,188 shares during the period. Wellington Management Group LLP’s holdings in Ducommun were worth $9,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP bought a new stake in shares of Ducommun during the second quarter valued at approximately $26,000. Optiver Holding B.V. bought a new position in Ducommun in the first quarter worth $27,000. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Ducommun during the second quarter worth $33,000. Finally, State of Wyoming bought a new stake in Ducommun in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Stock Down 0.2%

Shares of NYSE:DCO opened at $168.04 on Wednesday. The company’s fifty day moving average is $181.67 and its 200-day moving average is $155.62. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. Ducommun Incorporated has a 52 week low of $84.76 and a 52 week high of $210.39. The company has a market capitalization of $2.54 billion, a PE ratio of -89.86 and a beta of 1.04.

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

Insider Activity at Ducommun

In related news, CEO Stephen 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 transaction of $1,159,830.90. Following the sale, the chief executive officer directly owned 385,875 shares in the company, valued at $77,618,756.25. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by insiders.

Analyst Ratings Changes

DCO has been the subject of a number of analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Royal Bank Of Canada upped their target price on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Truist Financial lifted their price objective on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $192.60.

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.