Geode Capital Management LLC Has $26.87 Million Stock Holdings in Ducommun Incorporated $DCO

Geode Capital Management LLC lifted its stake in Ducommun Incorporated (NYSE:DCO) by 1.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 325,079 shares of the aerospace company’s stock after purchasing an additional 5,725 shares during the quarter. Geode Capital Management LLC owned 2.18% of Ducommun worth $26,865,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its stake in Ducommun by 27.7% during the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after buying an additional 149 shares in the last quarter. Virtus Advisers LLC acquired a new stake in shares of Ducommun during the first quarter valued at approximately $103,000. Ethic Inc. purchased a new stake in shares of Ducommun in the 2nd quarter valued at approximately $204,000. ProShare Advisors LLC purchased a new stake in shares of Ducommun in the 2nd quarter valued at approximately $234,000. Finally, KLP Kapitalforvaltning AS boosted its stake in Ducommun by 26.1% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 2,900 shares of the aerospace company’s stock worth $240,000 after purchasing an additional 600 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on DCO. Royal Bank Of Canada boosted their target price on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings downgraded Ducommun from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Zacks Research lowered Ducommun from a “hold” rating to a “strong sell” rating in a research report on Friday, November 7th. Finally, Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $97.50.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 1,594 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $93.83, for a total value of $149,565.02. Following the completion of the sale, the vice president directly owned 67,269 shares of the company’s stock, valued at $6,311,850.27. The trade was a 2.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.90% of the stock is owned by company insiders.

Ducommun Price Performance

DCO opened at $91.69 on Friday. The stock has a fifty day moving average price of $93.08 and a 200 day moving average price of $87.18. 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 1 year low of $51.76 and a 1 year high of $101.47. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 34.86 and a beta of 1.38.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $212.56 million during the quarter, compared to the consensus estimate of $211.41 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

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.