Inspire Investing LLC Sells 408 Shares of Ducommun Incorporated $DCO

Inspire Investing LLC decreased its holdings in Ducommun Incorporated (NYSE:DCO) by 6.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,882 shares of the aerospace company’s stock after selling 408 shares during the period. Inspire Investing LLC’s holdings in Ducommun were worth $341,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in DCO. Central Pacific Bank Trust Division boosted its stake in shares of Ducommun by 200.0% in the first quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 1,000 shares during the period. Virtus Advisers LLC purchased a new stake in shares of Ducommun in the first quarter worth about $103,000. Point72 Asset Management L.P. purchased a new stake in shares of Ducommun in the fourth quarter worth about $106,000. Ameriprise Financial Inc. purchased a new stake in shares of Ducommun in the fourth quarter worth about $213,000. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Ducommun in the fourth quarter worth about $217,000. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

DCO has been the topic of a number of research analyst reports. Royal Bank Of Canada boosted their target price on Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. The Goldman Sachs Group upped their price objective on Ducommun from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Monday, June 23rd. Wall Street Zen upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 10th. Zacks Research upgraded Ducommun to a “hold” rating in a research report on Monday, August 11th. Finally, Truist Financial upped 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.50.

Ducommun Stock Up 1.9%

Shares of NYSE:DCO opened at $95.02 on Thursday. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $95.93. The stock has a market cap of $1.42 billion, a P/E ratio of 36.13 and a beta of 1.41. The business’s 50 day moving average is $90.62 and its 200 day moving average is $74.42. 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 (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The company had revenue of $202.26 million for the quarter, compared to analysts’ expectations of $199.29 million. During the same quarter in the prior year, the firm earned $0.52 earnings per share. Ducommun’s revenue was up 2.7% compared to the same quarter last year. Sell-side analysts predict that Ducommun Incorporated will post 3.21 EPS for the current 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.