Principal Financial Group Inc. Acquires New Position in Ducommun Incorporated $DCO

Principal Financial Group Inc. bought a new position in shares of Ducommun Incorporated (NYSE:DCO) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,103 shares of the aerospace company’s stock, valued at approximately $1,163,000. Principal Financial Group Inc. owned 0.08% of Ducommun at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after purchasing an additional 10,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after buying an additional 319 shares in the last quarter. CWM LLC raised its holdings 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 acquiring an additional 149 shares during the period. Ethic Inc. purchased a new position in shares of Ducommun in the second quarter valued at about $204,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Ducommun in the second quarter worth about $258,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently 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. Citigroup lifted their price objective on shares of Ducommun from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday. The Goldman Sachs Group lifted their price target on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. 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 issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $113.00.

Ducommun Trading Down 1.0%

Shares of DCO opened at $123.91 on Thursday. The stock has a market capitalization of $1.85 billion, a PE ratio of -52.95 and a beta of 1.05. The company’s fifty day moving average is $107.96 and its 200 day moving average is $97.81. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $127.09.

Insider Activity

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the business’s 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 sale, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 8.90% of the company’s stock.

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.