CM Wealth Advisors LLC Makes New $1.40 Million Investment in Ducommun Incorporated $DCO

CM Wealth Advisors LLC bought a new position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,579 shares of the aerospace company's stock, valued at approximately $1,404,000. CM Wealth Advisors LLC owned approximately 0.05% of Ducommun as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DCO. Optiver Holding B.V. bought a new stake in shares of Ducommun in the first quarter valued at approximately $27,000. EverSource Wealth Advisors LLC raised its holdings in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 297 shares in the last quarter. State of Wyoming bought a new stake in shares of Ducommun during the 1st quarter valued at $35,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ducommun during the 1st quarter valued at $56,000. Finally, KBC Group NV acquired a new stake in shares of Ducommun during the 1st quarter worth $71,000. 92.15% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the firm's stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen G. Oswald sold 5,766 shares of Ducommun stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 385,875 shares of the company's stock, valued at approximately $77,618,756.25. This trade represents a 1.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,855 shares of company stock worth $1,759,228 in the last quarter. 5.00% of the stock is owned by corporate insiders.

Ducommun Trading Down 2.1%

NYSE DCO opened at $199.99 on Thursday. The stock has a market capitalization of $3.02 billion, a P/E ratio of -106.94 and a beta of 1.04. The business has a 50 day simple moving average of $179.55 and a 200 day simple moving average of $150.17. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. Ducommun Incorporated has a one year low of $84.76 and a one year high of $210.39.

Ducommun (NYSE:DCO - Get Free Report) last posted 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 firm had revenue of $224.49 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 EPS. Research analysts expect that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

DCO has been the subject of a number of analyst reports. Zacks Research raised Ducommun from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Citigroup reiterated a "buy" rating on shares of Ducommun in a research report on Wednesday, August 12th. B. Riley Financial reissued a "buy" rating on shares of Ducommun in a research note on Friday, August 7th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Ducommun in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Ducommun has a consensus rating of "Moderate Buy" and a consensus target price of $192.60.

About Ducommun

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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