UBS Group AG Has $3.34 Million Stock Holdings in Ducommun Incorporated $DCO

UBS Group AG cut its holdings in Ducommun Incorporated (NYSE:DCO) by 45.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,156 shares of the aerospace company’s stock after selling 29,379 shares during the quarter. UBS Group AG’s holdings in Ducommun were worth $3,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Ducommun by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after purchasing an additional 19,143 shares during the period. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Ducommun in the 4th quarter valued at approximately $1,786,000. Teacher Retirement System of Texas grew its position in shares of Ducommun by 17.2% in the 4th quarter. Teacher Retirement System of Texas now owns 72,017 shares of the aerospace company’s stock valued at $6,851,000 after purchasing an additional 10,556 shares during the period. State of Alaska Department of Revenue grew its position in shares of Ducommun by 395.5% in the 4th quarter. State of Alaska Department of Revenue now owns 4,078 shares of the aerospace company’s stock valued at $387,000 after purchasing an additional 3,255 shares during the period. Finally, Aberdeen Group plc grew its position in shares of Ducommun by 7.2% in the 4th quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after purchasing an additional 14,721 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the completion of the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. This represents a 8.39% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard A. Baldridge sold 10,440 shares of the 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 completion of the sale, the director directly owned 20,100 shares of the company’s stock, valued at approximately $2,629,683. The trade was a 34.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 17,734 shares of company stock valued at $2,476,679 in the last quarter. 5.00% of the stock is currently owned by insiders.

Ducommun Trading Down 0.2%

NYSE:DCO opened at $144.11 on Monday. Ducommun Incorporated has a twelve month low of $66.24 and a twelve month high of $156.32. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $135.47 and a two-hundred day moving average price of $116.56. The company has a market cap of $2.17 billion, a P/E ratio of -61.06 and a beta of 1.06.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The firm had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same quarter in the prior year, the firm posted $0.83 EPS. The business’s revenue was up 7.7% on a year-over-year basis. As a group, analysts expect that Ducommun Incorporated will post 4.16 EPS for the current fiscal year.

Analyst Ratings Changes

DCO has been the subject of several research analyst reports. B. Riley Financial boosted their price objective on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Truist Financial upgraded Ducommun to a “strong-buy” rating in a research report on Friday, May 1st. Wall Street Zen downgraded Ducommun from a “buy” rating to a “hold” rating in a research report on Monday. Citigroup upped their price target on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, The Goldman Sachs Group upped their price target on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and an average price target of $159.20.

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.