Dimensional Fund Advisors LP Has $62.48 Million Stock Holdings in Ducommun Incorporated $DCO

Key Points

• Dimensional Fund Advisors reduced its Ducommun stake by 31.7% in the first quarter, selling 237,346 shares while retaining 512,167 shares valued at approximately $62.5 million. Institutional investors collectively own 92.15% of DCO.
• Ducommun’s latest quarterly results exceeded expectations, with EPS of $0.75 versus the $0.68 consensus and revenue of $209.02 million, up 7.7% year over year. However, the company reported a negative net margin of 4.11%.
• Analyst sentiment remains positive, with four Buy ratings and three Holds producing a “Moderate Buy” consensus and a $175.80 average price target. DCO recently traded at $179.73, near its 52-week high of $196.63, while insiders sold $1.2 million of stock over the past three months.

Dimensional Fund Advisors LP trimmed its holdings in Ducommun Incorporated (NYSE:DCO - Free Report) by 31.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,167 shares of the aerospace company's stock after selling 237,346 shares during the quarter. Dimensional Fund Advisors LP owned about 3.42% of Ducommun worth $62,479,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DCO. EverSource Wealth Advisors LLC increased its position 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. KBC Group NV acquired a new position in shares of Ducommun during the first quarter worth approximately $71,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ducommun by 16.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company's stock worth $72,000 after purchasing an additional 107 shares in the last quarter. CIBC Private Wealth Group LLC bought a new stake in shares of Ducommun during the fourth quarter valued at approximately $95,000. Finally, Danske Bank A S bought a new stake in shares of Ducommun during the fourth quarter valued at approximately $111,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Insider Buying and Selling

In related news, VP Rajiv A. Tata sold 1,612 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. This represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Laureen S. Gonzalez sold 589 shares of the business's stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president owned 11,172 shares of the company's stock, valued at $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,883 shares of company stock valued at $1,200,336 over the last three months. Company insiders own 5.00% of the company's stock.

Ducommun Trading Down 2.0%

DCO opened at $179.73 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The company has a market cap of $2.71 billion, a price-to-earnings ratio of -76.16 and a beta of 1.03. The firm has a 50 day simple moving average of $167.13 and a 200 day simple moving average of $142.12. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $196.63.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million for the quarter, compared to analysts' expectations of $199.61 million. During the same period last year, the firm earned $0.83 earnings per share. The business's revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that Ducommun Incorporated will post 4.07 earnings per share for the current year.

Analyst Upgrades and Downgrades

DCO has been the subject of several research analyst reports. B. Riley Financial boosted their price objective on shares of Ducommun from $155.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Royal Bank Of Canada lowered Ducommun from an "outperform" rating to a "sector perform" rating and increased their price objective for the company from $155.00 to $175.00 in a research report on Thursday, July 9th. Weiss Ratings raised Ducommun from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, July 21st. Citigroup boosted their target price on Ducommun from $167.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Finally, Truist Financial upped their price target on Ducommun from $136.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $175.80.

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.

Want to see what other hedge funds are holding DCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ducommun Incorporated (NYSE:DCO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.