Ducommun Incorporated $DCO Shares Sold by Diamond Hill Capital Management Inc.

Diamond Hill Capital Management Inc. cut its holdings in Ducommun Incorporated (NYSE:DCO) by 3.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 150,302 shares of the aerospace company’s stock after selling 5,875 shares during the quarter. Diamond Hill Capital Management Inc. owned about 1.01% of Ducommun worth $14,449,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Cornerstone Planning Group LLC grew its position in Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings 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 worth $29,000 after buying an additional 297 shares during the last quarter. Traub Capital Management LLC acquired a new stake in shares of Ducommun during the second quarter worth $35,000. Financial Consulate Inc. purchased a new stake in shares of Ducommun during the third quarter valued at $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ducommun during the third quarter valued at $63,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on DCO shares. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group upped their target price on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Citigroup increased their price target on shares of Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $113.00.

Insider Buying and Selling at Ducommun

In other news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. This trade represents a 2.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.90% of the stock is currently owned by insiders.

Ducommun Stock Performance

DCO opened at $121.38 on Monday. The firm has a fifty day moving average price of $102.81 and a 200 day moving average price of $96.04. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $123.87. The stock has a market cap of $1.81 billion, a P/E ratio of -51.87 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The business had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue for the quarter 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.

Ducommun Company 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.