Ducommun Incorporated $DCO Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Ducommun Incorporated (NYSE:DCO) by 248.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,799 shares of the aerospace company’s stock after buying an additional 21,972 shares during the period. SG Americas Securities LLC owned approximately 0.21% of Ducommun worth $2,930,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. acquired a new position in shares of Ducommun during the 3rd quarter worth approximately $1,163,000. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Ducommun by 39.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 39,132 shares of the aerospace company’s stock valued at $3,762,000 after purchasing an additional 11,130 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in Ducommun by 6.5% during the second quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock worth $51,777,000 after buying an additional 38,333 shares in the last quarter. Thornburg Investment Management Inc. purchased a new position in Ducommun during the third quarter worth approximately $12,953,000. Finally, Aberdeen Group plc acquired a new position in Ducommun during the third quarter worth $19,035,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Activity at Ducommun

In related news, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the transaction, the director owned 20,100 shares of the company’s stock, valued at approximately $2,629,683. This trade represents a 34.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DCO. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. The Goldman Sachs Group raised their price objective on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Finally, Citigroup dropped their price target on shares of Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.75.

Ducommun Stock Performance

NYSE DCO opened at $127.41 on Friday. The stock has a fifty day simple moving average of $123.49 and a 200-day simple moving average of $105.52. The company has a current ratio of 3.50, a quick ratio of 2.47 and a debt-to-equity ratio of 0.45. The stock has a market cap of $1.91 billion, a PE ratio of -55.16 and a beta of 1.00. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $140.02.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.14. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The company had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. Ducommun’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Ducommun Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.