B. Metzler seel. Sohn & Co. AG Makes New $3.48 Million Investment in Ducommun Incorporated $DCO

Key Points

• B. Metzler seel. Sohn & Co. AG purchased 18,772 Ducommun shares valued at approximately $3.48 million, while institutional investors collectively own 92.15% of the company.
• Ducommun reported quarterly EPS of $1.18, beating estimates of $0.98, while revenue rose 11% year over year to $224.49 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $192.60; however, company insiders sold 8,855 shares worth about $1.76 million over the past 90 days.

B. Metzler seel. Sohn & Co. AG bought a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,772 shares of the aerospace company's stock, valued at approximately $3,477,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.12% of Ducommun at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Ducommun by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company's stock worth $80,134,000 after acquiring an additional 19,143 shares during the last quarter. Meros Investment Management LP grew its stake in Ducommun by 4.8% during the 4th quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company's stock valued at $16,599,000 after acquiring an additional 7,945 shares in the last quarter. Hsbc Holdings PLC grew its stake in Ducommun by 124.9% during the 1st quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company's stock valued at $1,569,000 after acquiring an additional 7,269 shares in the last quarter. Calamos Advisors LLC acquired a new stake in Ducommun in the 1st quarter valued at about $960,000. Finally, SG Americas Securities LLC raised its holdings in Ducommun by 95.9% in the 1st quarter. SG Americas Securities LLC now owns 60,333 shares of the aerospace company's stock valued at $7,361,000 after acquiring an additional 29,534 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Stock Performance

NYSE:DCO opened at $191.61 on Friday. The company's 50-day moving average is $180.55 and its two-hundred day moving average is $150.99. Ducommun Incorporated has a 1-year low of $84.76 and a 1-year high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of -102.46 and a beta of 1.04.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on DCO. Truist Financial boosted their target price on Ducommun from $150.00 to $209.00 and gave the stock a "buy" rating in a report on Thursday, August 13th. Weiss Ratings cut Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. The Goldman Sachs Group reiterated a "buy" rating on shares of Ducommun in a research report on Monday, August 10th. B. Riley Financial reissued a "buy" rating on shares of Ducommun in a research note on Friday, August 7th. Finally, Zacks Research upgraded Ducommun from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. One investment 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $192.60.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares of the company's stock, valued at $1,698,032.28. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen G. Oswald sold 5,766 shares of Ducommun stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares of the company's stock, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 8,855 shares of company stock worth $1,759,228. Corporate 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.

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