Ducommun Incorporated $DCO Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. trimmed its position in shares of Ducommun Incorporated (NYSE:DCO) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 79,748 shares of the aerospace company’s stock after selling 11,414 shares during the period. Goldman Sachs Group Inc. owned approximately 0.54% of Ducommun worth $4,628,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rhumbline Advisers increased its holdings in shares of Ducommun by 4.7% during the 1st quarter. Rhumbline Advisers now owns 23,912 shares of the aerospace company’s stock worth $1,388,000 after buying an additional 1,081 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after purchasing an additional 319 shares in the last quarter. AQR Capital Management LLC raised its position in Ducommun by 14.5% in the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after purchasing an additional 10,574 shares during the period. Vident Advisory LLC purchased a new position in Ducommun in the first quarter valued at about $2,769,000. Finally, Gamco Investors INC. ET AL raised its position in Ducommun by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company’s stock valued at $34,138,000 after purchasing an additional 6,572 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Stock Performance

DCO opened at $93.26 on Wednesday. The business’s 50 day moving average is $90.41 and its 200-day moving average is $74.28. The stock has a market cap of $1.39 billion, a PE ratio of 35.46 and a beta of 1.41. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $95.93.

Ducommun (NYSE:DCO) last released 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 company had revenue of $202.26 million for the quarter, compared to analysts’ expectations of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on DCO. Zacks Research raised Ducommun to a “hold” rating in a research report on Monday, August 11th. Royal Bank Of Canada raised their price objective on Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citigroup reissued a “buy” rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Truist Financial raised their price objective on Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a research report on Friday, July 11th. Finally, Wall Street Zen raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 10th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $97.50.

About Ducommun

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.