Diamond Hill Capital Management Inc. Raises Stake in Ducommun Incorporated (NYSE:DCO)

Diamond Hill Capital Management Inc. boosted its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 7.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,248 shares of the aerospace company's stock after acquiring an additional 11,263 shares during the period. Diamond Hill Capital Management Inc. owned 1.17% of Ducommun worth $10,054,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its position 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 acquiring an additional 386 shares during the period. Virtus Fund Advisers LLC purchased a new position in Ducommun during the 4th quarter valued at about $78,000. Central Pacific Bank Trust Division increased 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 in the last quarter. Parvin Asset Management LLC bought a new stake in Ducommun during the 4th quarter valued at about $98,000. Finally, Point72 Asset Management L.P. bought a new stake in Ducommun during the 4th quarter valued at about $106,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Stock Performance

Shares of DCO stock traded up $1.78 during trading hours on Friday, reaching $90.47. The company had a trading volume of 113,667 shares, compared to its average volume of 151,657. The business has a fifty day moving average price of $78.90 and a 200-day moving average price of $67.47. Ducommun Incorporated has a one year low of $51.76 and a one year high of $91.60. The firm has a market cap of $1.35 billion, a PE ratio of 38.83 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 3.34.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.20. The company had revenue of $194.11 million during the quarter, compared to analyst estimates of $192.30 million. Ducommun had a net margin of 4.45% and a return on equity of 7.61%. The firm's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share. Sell-side analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DCO. Citigroup restated a "buy" rating and set a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. The Goldman Sachs Group raised their price objective on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research note on Monday, June 23rd. Royal Bank Of Canada raised their price objective on shares of Ducommun from $72.00 to $95.00 and gave the company an "outperform" rating in a research note on Thursday, July 3rd. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday, May 7th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $96.25.

Ducommun Profile

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.