SG Americas Securities LLC Increases Position in Ducommun Incorporated $DCO

SG Americas Securities LLC grew its position in shares of Ducommun Incorporated (NYSE:DCO) by 95.9% during the first quarter, Holdings Channel reports. The firm owned 60,333 shares of the aerospace company’s stock after acquiring an additional 29,534 shares during the quarter. SG Americas Securities LLC’s holdings in Ducommun were worth $7,361,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 107 shares during the period. CIBC Private Wealth Group LLC purchased a new position in Ducommun during the 4th quarter valued at about $95,000. Danske Bank A S acquired a new position in Ducommun in the 4th quarter valued at about $111,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Ducommun in the 4th quarter valued at about $118,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. B. Riley Financial raised their price objective on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group lifted their price objective on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Truist Financial increased their target price on Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Ducommun in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $162.00.

Ducommun Stock Performance

Shares of Ducommun stock opened at $176.77 on Friday. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. Ducommun Incorporated has a 52 week low of $80.69 and a 52 week high of $177.66. The firm’s 50 day moving average is $149.95 and its two-hundred day moving average is $128.10. The firm has a market capitalization of $2.67 billion, a P/E ratio of -74.90 and a beta of 1.06.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same quarter in the previous year, the firm earned $0.83 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Research analysts forecast that Ducommun Incorporated will post 4.07 EPS for the current fiscal year.

Insider Activity at Ducommun

In related news, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president directly owned 11,172 shares of the company’s stock, valued at $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares of the company’s stock, valued at $4,809,795. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,883 shares of company stock valued at $1,200,336 over the last ninety days. Insiders own 5.00% of the company’s stock.

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.