Ducommun Incorporated $DCO Shares Acquired by AlphaQuest LLC

AlphaQuest LLC increased its position in shares of Ducommun Incorporated (NYSE:DCO) by 448.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,397 shares of the aerospace company’s stock after purchasing an additional 6,048 shares during the quarter. AlphaQuest LLC’s holdings in Ducommun were worth $711,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its position in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Ducommun in the 2nd quarter worth about $35,000. Financial Consulate Inc. acquired a new stake in Ducommun in the 3rd quarter valued at about $48,000. CWM LLC increased its holdings in Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company’s stock valued at $57,000 after acquiring an additional 149 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun during the 3rd quarter valued at about $63,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. B. Riley reaffirmed a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Citigroup raised their price target on Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. The Goldman Sachs Group boosted their price target on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Activity

In related news, VP Jerry L. Redondo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the sale, the vice president directly owned 65,269 shares in the company, valued at approximately $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Ducommun Stock Performance

Ducommun stock opened at $121.45 on Wednesday. The stock has a fifty day moving average price of $101.11 and a 200 day moving average price of $95.40. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $121.80. The firm has a market capitalization of $1.82 billion, a P/E ratio of -51.90 and a beta of 1.05. The company has a current ratio of 2.04, a quick ratio of 1.46 and a debt-to-equity ratio of 0.33.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The firm had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same period last year, the company earned $0.67 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

About Ducommun

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.