Teton Advisors LLC Takes Position in Ducommun Incorporated $DCO

Teton Advisors LLC purchased a new position in Ducommun Incorporated (NYSE:DCO) in the third quarter, Holdings Channel.com reports. The firm purchased 46,000 shares of the aerospace company’s stock, valued at approximately $4,422,000. Ducommun comprises 2.7% of Teton Advisors LLC’s investment portfolio, making the stock its 4th largest position.

Several other hedge funds have also recently made changes to their positions in DCO. Cornerstone Planning Group LLC lifted its position 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 period. EverSource Wealth Advisors LLC grew its position in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the period. Traub Capital Management LLC purchased a new stake in Ducommun during the 2nd quarter valued at $35,000. Financial Consulate Inc. bought a new position in shares of Ducommun during the 3rd quarter valued at $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Ducommun during the 3rd quarter valued at $63,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, December 10th. The stock was 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 owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Ducommun Trading Down 1.0%

Shares of Ducommun stock opened at $128.92 on Friday. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $140.02. The company’s fifty day simple moving average is $115.90 and its 200-day simple moving average is $100.84. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. The stock has a market capitalization of $1.93 billion, a PE ratio of -55.81 and a beta of 1.03.

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

Analysts Set New Price Targets

Several brokerages recently commented on DCO. Truist Financial lifted their price objective on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Citigroup increased their target price on Ducommun from $125.00 to $143.00 and gave the company a “buy” rating in a report on Monday, March 2nd. The Goldman Sachs Group raised their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Finally, Royal Bank Of Canada upped their price target on shares of Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a research report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $138.25.

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.