Invesco Ltd. Sells 1,245 Shares of Ducommun Incorporated $DCO

Invesco Ltd. lowered its stake in shares of Ducommun Incorporated (NYSE:DCO) by 0.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,323 shares of the aerospace company’s stock after selling 1,245 shares during the period. Invesco Ltd. owned 0.90% of Ducommun worth $7,795,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DCO. Virtus Fund Advisers LLC purchased a new stake in Ducommun during the fourth quarter worth $78,000. Central Pacific Bank Trust Division lifted its holdings in Ducommun by 200.0% during the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock worth $87,000 after buying an additional 1,000 shares during the period. Parvin Asset Management LLC purchased a new stake in Ducommun during the fourth quarter worth $98,000. Point72 Asset Management L.P. purchased a new stake in Ducommun during the fourth quarter worth $106,000. Finally, Aquatic Capital Management LLC lifted its holdings in Ducommun by 59.4% during the fourth quarter. Aquatic Capital Management LLC now owns 2,232 shares of the aerospace company’s stock worth $142,000 after buying an additional 832 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 10th. Royal Bank Of Canada increased their price objective on Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a report on Friday, August 8th. B. Riley reiterated a “buy” rating on shares of Ducommun in a report on Wednesday, May 7th. Zacks Research upgraded Ducommun to a “hold” rating in a report on Monday, August 11th. Finally, The Goldman Sachs Group upped their target price on Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.50.

Ducommun Trading Up 1.4%

DCO stock opened at $94.1250 on Tuesday. The company’s 50-day simple moving average is $87.55 and its 200-day simple moving average is $71.08. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $94.72. The firm has a market cap of $1.40 billion, a P/E ratio of 35.79 and a beta of 1.38.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The firm had revenue of $202.26 million for the quarter, compared to analyst estimates of $199.29 million. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. Ducommun’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company posted $0.52 EPS. As a group, equities analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.