CM Wealth Advisors LLC Makes New Investment in Ducommun Incorporated $DCO

CM Wealth Advisors LLC bought a new stake in Ducommun Incorporated (NYSE:DCO) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 7,579 shares of the aerospace company’s stock, valued at approximately $1,404,000.

A number of other large investors also recently made changes to their positions in the company. Danske Bank A S purchased a new position in Ducommun during the second quarter worth about $464,000. Diversify Advisory Services LLC bought a new position in shares of Ducommun during the 2nd quarter worth approximately $1,744,000. BlackRock Inc. purchased a new position in shares of Ducommun in the 2nd quarter worth approximately $359,395,000. Deutsche Bank AG bought a new position in shares of Ducommun in the second quarter valued at approximately $41,095,000. Finally, Rice Hall James & Associates LLC bought a new position in shares of Ducommun in the second quarter valued at approximately $4,429,000. 92.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DCO shares. Royal Bank Of Canada boosted their price objective on 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 note on Monday, August 10th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Citigroup restated a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Finally, Weiss Ratings downgraded shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.60.

Ducommun Price Performance

NYSE DCO opened at $199.99 on Thursday. The company has a market cap of $3.02 billion, a PE ratio of -106.94 and a beta of 1.04. Ducommun Incorporated has a 52 week low of $84.76 and a 52 week 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 firm’s 50-day simple moving average is $179.55 and its two-hundred day simple moving average is $150.17.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping 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 quarter last year, the company earned $0.88 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts predict that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Insider Buying and Selling

In related news, 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 value of $89,522.11. Following the completion of the transaction, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen G. Oswald sold 2,500 shares of Ducommun stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total transaction of $509,875.00. Following the completion of the transaction, the chief executive officer owned 383,864 shares of the company’s stock, valued at $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 8,855 shares of company stock worth $1,759,228 over the last 90 days. 5.00% of the stock is currently owned by corporate 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.