Atria Investments LLC bought a new position in shares of Ducommun Incorporated (NYSE:DCO) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 40,956 shares of the aerospace company’s stock, valued at approximately $364,000. Atria Investments LLC owned 0.36% of Ducommun as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Griffin Asset Management Inc. purchased a new stake in Ducommun in the 2nd quarter valued at $65,000. United Services Automobile Association raised its position in Ducommun by 4.0% in the 2nd quarter. United Services Automobile Association now owns 18,274 shares of the aerospace company’s stock valued at $824,000 after buying an additional 700 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Ducommun in the 2nd quarter valued at $5,478,000. Price T Rowe Associates Inc. MD purchased a new stake in Ducommun in the 2nd quarter valued at $270,000. Finally, Argent Capital Management LLC raised its position in Ducommun by 2.5% in the 2nd quarter. Argent Capital Management LLC now owns 82,615 shares of the aerospace company’s stock valued at $3,723,000 after buying an additional 2,050 shares during the last quarter. 83.60% of the stock is currently owned by institutional investors.
A number of research firms recently commented on DCO. ValuEngine lowered Ducommun from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Noble Financial raised Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 price target for the company in a research report on Tuesday, August 6th. Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, SunTrust Banks lowered Ducommun from a “buy” rating to a “hold” rating and set a $45.00 price target for the company. in a research report on Friday, June 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $49.20.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Monday, August 5th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.11. The firm had revenue of $180.50 million during the quarter, compared to the consensus estimate of $167.92 million. Ducommun had a return on equity of 10.19% and a net margin of 2.97%. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Sell-side analysts anticipate that Ducommun Incorporated will post 2.54 earnings per share for the current year.
In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $46.50, for a total value of $46,500.00. Following the completion of the transaction, the director now owns 404,715 shares in the company, valued at approximately $18,819,247.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert C. Ducommun sold 600 shares of the company’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $46.62, for a total value of $27,972.00. Following the completion of the transaction, the director now owns 404,115 shares of the company’s stock, valued at approximately $18,839,841.30. The disclosure for this sale can be found here. Insiders sold a total of 3,900 shares of company stock valued at $172,797 in the last 90 days. Corporate insiders own 8.50% of the company’s stock.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
Read More: What are earnings reports?
Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.