Ducommun Incorporated $DCO Holdings Lifted by Aberdeen Group plc

Aberdeen Group plc increased its position in shares of Ducommun Incorporated (NYSE:DCO) by 7.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 218,433 shares of the aerospace company’s stock after acquiring an additional 14,721 shares during the period. Aberdeen Group plc owned approximately 1.46% of Ducommun worth $20,780,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of DCO. Cornerstone Planning Group LLC lifted its stake in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Financial Consulate Inc. acquired a new stake in shares of Ducommun during the 3rd quarter valued at $48,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Ducommun during the 3rd quarter worth $63,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Ducommun during the 3rd quarter worth $79,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Stock Performance

Shares of DCO stock opened at $127.41 on Monday. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $140.02. 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 company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -55.16 and a beta of 1.00. The stock’s fifty day simple moving average is $123.49 and its 200-day simple moving average is $105.69.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.14. The firm had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 EPS. On average, sell-side analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total value of $1,365,865.20. Following the transaction, the director owned 20,100 shares in the company, valued at approximately $2,629,683. This represents a 34.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada boosted their target price on Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research report on Friday, March 13th. Citigroup decreased their price target on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research report on Thursday. Truist Financial lifted their price target on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Wall Street Zen downgraded Ducommun from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Ducommun has a consensus rating of “Moderate Buy” and an average target price of $139.75.

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.