Algert Global LLC Sells 2,820 Shares of Ducommun Incorporated $DCO

Key Points

• Algert Global LLC has reduced its holdings in Ducommun Incorporated by 11.9%, now owning 20,959 shares valued at approximately $1.22 million as of their latest SEC filing.
• Other institutional investors have shown varied activity, with American Century Companies Inc. increasing their position by 17.3%, and Mitsubishi UFJ Asset Management Co. Ltd. raising theirs by 41.7%.
• Ducommun's quarterly earnings surpassed estimates, reporting $0.88 earnings per share compared to the expected $0.80, with a net margin of 5.03% and revenue growth of 2.7% year-over-year.

Algert Global LLC lowered its stake in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 11.9% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,959 shares of the aerospace company's stock after selling 2,820 shares during the period. Algert Global LLC owned approximately 0.14% of Ducommun worth $1,216,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in DCO. Sterling Capital Management LLC boosted its stake in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares during the last quarter. Virtus Fund Advisers LLC acquired a new position in Ducommun during the 4th quarter valued at about $78,000. Central Pacific Bank Trust Division boosted its stake in Ducommun by 200.0% during the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock valued at $87,000 after purchasing an additional 1,000 shares during the last quarter. Parvin Asset Management LLC purchased a new position in shares of Ducommun in the 4th quarter worth approximately $98,000. Finally, Point72 Asset Management L.P. purchased a new position in shares of Ducommun in the 4th quarter worth approximately $106,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on DCO. Citigroup restated a "buy" rating and issued a $101.00 target price (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. The Goldman Sachs Group boosted their target price on Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Truist Financial boosted their target price on Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research note on Friday, July 11th. Finally, B. Riley restated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.50.

Ducommun Stock Performance

Shares of NYSE:DCO traded down $0.97 during mid-day trading on Wednesday, reaching $92.91. The company had a trading volume of 58,103 shares, compared to its average volume of 99,843. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 35.33 and a beta of 1.38. The company's 50-day moving average price is $87.84 and its 200-day moving average price is $71.24. Ducommun Incorporated has a one year low of $51.76 and a one year high of $95.93.

Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $202.26 million for the quarter, compared to the consensus estimate of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. As a group, equities research analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.