11,695 Shares in Ducommun Incorporated $DCO Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management purchased 11,695 Ducommun shares worth approximately $2.0 million, establishing a position representing about 0.08% of the company. Institutional investors and hedge funds collectively own 92.15% of DCO.
• Analyst sentiment remains positive overall, with five Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $201.50.
• Ducommun exceeded quarterly expectations with earnings of $1.18 per share and revenue of $224.49 million, up 11% year over year, although the company reported a negative net margin of 3.10%.

Robeco Institutional Asset Management B.V. bought a new position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 11,695 shares of the aerospace company's stock, valued at approximately $2,006,000. Robeco Institutional Asset Management B.V. owned about 0.08% of Ducommun at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Ducommun during the second quarter worth $359,395,000. Paradigm Capital Management Inc. NY acquired a new stake in Ducommun in the second quarter valued at $142,704,000. Moore Capital Management LP acquired a new stake in Ducommun in the second quarter valued at $44,236,000. Deutsche Bank AG acquired a new stake in Ducommun in the second quarter valued at $41,095,000. Finally, Van ECK Associates Corp increased its holdings in Ducommun by 68.4% in the second quarter. Van ECK Associates Corp now owns 427,603 shares of the aerospace company's stock valued at $79,196,000 after purchasing an additional 173,616 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have commented on DCO shares. B. Riley Financial reaffirmed a "buy" rating on shares of Ducommun in a report on Friday, August 7th. The Goldman Sachs Group reissued a "buy" rating on shares of Ducommun in a research note on Monday, August 10th. Zacks Research downgraded Ducommun from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. Weiss Ratings lowered Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday, September 18th. Finally, Wall Street Zen upgraded Ducommun from a "hold" rating to a "buy" rating in a report on Saturday, August 8th. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $201.50.

Ducommun Price Performance

Shares of NYSE DCO opened at $157.18 on Monday. The company has a market capitalization of $2.37 billion, a PE ratio of -84.05 and a beta of 1.03. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a twelve month low of $84.76 and a twelve month high of $210.39. The firm has a fifty day simple moving average of $173.04 and a 200 day simple moving average of $165.54.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business had revenue of $224.49 million for the quarter, compared to analysts' expectations of $214.32 million. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Ducommun Incorporated will post 4.26 EPS for the current year.

Insider Activity at Ducommun

In related news, CEO Stephen Oswald sold 2,500 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the sale, the chief executive officer owned 383,864 shares in the company, valued at $78,289,062.80. This represents a 0.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is currently owned by insiders.

Ducommun Profile

Ducommun Incorporated NYSE: DCO is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.

Want to see what other hedge funds are holding DCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ducommun Incorporated (NYSE:DCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.