Algert Global LLC Sells 12,660 Shares of Ducommun Incorporated $DCO

Algert Global LLC reduced its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 59.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,729 shares of the aerospace company's stock after selling 12,660 shares during the period. Algert Global LLC owned approximately 0.06% of Ducommun worth $1,617,000 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 DCO. BlackRock Inc. bought a new stake in Ducommun in the second quarter valued at approximately $359,395,000. Vanguard Group Inc. raised its holdings in Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company's stock worth $80,134,000 after purchasing an additional 19,143 shares during the last quarter. State Street Corp raised its holdings in Ducommun by 10.4% during the 4th quarter. State Street Corp now owns 670,966 shares of the aerospace company's stock worth $63,829,000 after purchasing an additional 63,070 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Ducommun by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company's stock worth $31,720,000 after purchasing an additional 5,899 shares during the period. Finally, GW&K Investment Management LLC lifted its position in shares of Ducommun by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company's stock worth $30,420,000 after purchasing an additional 6,192 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Ducommun Price Performance

DCO stock opened at $175.42 on Friday. 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 business has a 50-day simple moving average of $182.33 and a two-hundred day simple moving average of $153.18. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39. The company has a market capitalization of $2.65 billion, a P/E ratio of -93.81 and a beta of 1.04.

Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $224.49 million during the quarter, compared to analyst estimates of $214.32 million. During the same quarter in the prior year, the business posted $0.88 EPS. The business's revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Analyst Ratings Changes

DCO has been the subject of several research analyst reports. Weiss Ratings lowered Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Citigroup restated a "buy" rating on shares of Ducommun in a research report on Wednesday, August 12th. Zacks Research raised Ducommun from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. B. Riley Financial reissued a "buy" rating on shares of Ducommun in a research note on Friday, August 7th. Finally, Truist Financial increased their price target on Ducommun from $150.00 to $209.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ducommun currently has an average rating of "Moderate Buy" and an average price target of $192.60.

Insider Buying and Selling

In other 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 transaction of $509,875.00. Following the completion of the transaction, the chief executive officer directly owned 383,864 shares of the company's stock, valued at $78,289,062.80. This represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.00% of the company's stock.

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.

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