GW&K Investment Management LLC Buys 6,192 Shares of Ducommun Incorporated $DCO

GW&K Investment Management LLC lifted its stake in shares of Ducommun Incorporated (NYSE:DCO) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 319,772 shares of the aerospace company’s stock after acquiring an additional 6,192 shares during the period. GW&K Investment Management LLC’s holdings in Ducommun were worth $30,420,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Ducommun by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock worth $31,720,000 after acquiring an additional 5,899 shares during the last quarter. Alliancebernstein L.P. lifted its holdings in shares of Ducommun by 5.4% during the 3rd quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock worth $30,711,000 after acquiring an additional 16,501 shares during the last quarter. Kennedy Capital Management LLC lifted its holdings in shares of Ducommun by 18.4% during the 3rd quarter. Kennedy Capital Management LLC now owns 287,298 shares of the aerospace company’s stock worth $27,618,000 after acquiring an additional 44,564 shares during the last quarter. Finally, Aberdeen Group plc lifted its holdings in shares of Ducommun by 7.2% during the 4th quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock worth $20,780,000 after acquiring an additional 14,721 shares during the last quarter. 92.15% of the stock is owned by institutional investors.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total transaction of $877,073.52. Following the completion of the transaction, the vice president owned 62,034 shares in the company, valued at $9,575,568.24. The trade was a 8.39% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on DCO shares. Citigroup boosted their price target on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. B. Riley Financial boosted their price target on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Truist Financial boosted their price target on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Monday, May 25th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $162.00.

Ducommun Stock Performance

Ducommun stock opened at $154.24 on Thursday. 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 company has a market capitalization of $2.33 billion, a PE ratio of -65.36 and a beta of 1.06. The firm has a fifty day simple moving average of $142.40 and a two-hundred day simple moving average of $121.95. Ducommun Incorporated has a twelve month low of $73.77 and a twelve month high of $159.31.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same quarter in the previous year, the company earned $0.83 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Research analysts expect that Ducommun Incorporated will post 4.07 EPS 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.