Strs Ohio Makes New $634,000 Investment in Ducommun Incorporated $DCO

Strs Ohio purchased a new position in Ducommun Incorporated (NYSE:DCO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,600 shares of the aerospace company’s stock, valued at approximately $634,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in Ducommun in the 3rd quarter worth $849,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Ducommun by 39.7% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 39,132 shares of the aerospace company’s stock worth $3,762,000 after acquiring an additional 11,130 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of Ducommun in the second quarter worth about $4,318,000. Geode Capital Management LLC grew its position in shares of Ducommun by 1.8% during the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock worth $26,865,000 after purchasing an additional 5,725 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Ducommun by 24.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 19,388 shares of the aerospace company’s stock valued at $1,602,000 after purchasing an additional 3,818 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Price Performance

Ducommun stock opened at $111.45 on Friday. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $117.07. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33. The firm’s fifty day moving average is $99.40 and its 200 day moving average is $94.70. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -47.63 and a beta of 1.07.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 EPS. Sell-side analysts forecast that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on DCO. Citigroup upped their price target on Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, January 13th. The Goldman Sachs Group upped their target price on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $113.00.

Insider Transactions at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’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 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 document filed with the SEC, which is available at this link. 8.90% of the stock is currently owned by company insiders.

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.