Diversify Advisory Services LLC Acquires Shares of 9,500 Ducommun Incorporated $DCO

Diversify Advisory Services LLC bought a new position in Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,500 shares of the aerospace company’s stock, valued at approximately $1,744,000.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Ducommun in the 2nd quarter worth $359,395,000. Deutsche Bank AG bought a new stake in shares of Ducommun in the second quarter worth about $41,095,000. Rice Hall James & Associates LLC purchased a new position in Ducommun during the 2nd quarter valued at about $4,429,000. Focused Wealth Management Inc purchased a new position in Ducommun during the 2nd quarter valued at about $320,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Ducommun during the 2nd quarter valued at approximately $15,718,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Ducommun news, CEO Stephen G. Oswald sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the transaction, the chief executive officer directly owned 383,864 shares in the company, valued at approximately $78,289,062.80. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Laureen S. Gonzalez sold 589 shares of the firm’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,855 shares of company stock valued at $1,759,228 in the last ninety days. Insiders own 5.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DCO. Citigroup restated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Weiss Ratings downgraded Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Royal Bank Of Canada raised their target price on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research note on Friday, August 7th. Finally, Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.60.

Ducommun Stock Down 2.1%

NYSE:DCO opened at $199.99 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. The firm has a market cap of $3.02 billion, a P/E ratio of -106.94 and a beta of 1.04. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The firm has a 50-day simple moving average of $179.55 and a two-hundred day simple moving average of $150.17.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.88 earnings per share. Analysts predict that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

Ducommun Company 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.