Ducommun Incorporated $DCO Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC reduced its stake in Ducommun Incorporated by 65.5%, resulting in ownership of 1,800 shares valued at approximately $104,000.
• Research analysts have recently upgraded Ducommun’s rating, with Wall Street Zen moving it from "buy" to "strong-buy" and a consensus target price of $97.50.
• Ducommun reported quarterly earnings of $0.88 EPS, exceeding estimates, with revenue of $202.26 million, representing a 2.7% year-over-year increase.

AlphaQuest LLC decreased its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 65.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,800 shares of the aerospace company's stock after selling 3,424 shares during the quarter. AlphaQuest LLC's holdings in Ducommun were worth $104,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Virtus Fund Advisers LLC acquired a new position in Ducommun in the 4th quarter worth $78,000. Central Pacific Bank Trust Division lifted its holdings in Ducommun by 200.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after buying an additional 1,000 shares in the last quarter. Point72 Asset Management L.P. acquired a new position in Ducommun in the 4th quarter worth $106,000. Ameriprise Financial Inc. acquired a new position in Ducommun in the 4th quarter worth $213,000. Finally, Sherbrooke Park Advisers LLC acquired a new position in Ducommun in the 4th quarter worth $217,000. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Stock Performance

Shares of NYSE:DCO traded down $0.80 during trading on Friday, reaching $90.57. 68,477 shares of the company's stock traded hands, compared to its average volume of 101,312. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. Ducommun Incorporated has a 12 month low of $51.76 and a 12 month high of $95.93. The company has a 50 day moving average of $89.27 and a 200-day moving average of $72.82. The stock has a market capitalization of $1.35 billion, a P/E ratio of 34.44 and a beta of 1.41.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business had revenue of $202.26 million during the quarter, compared to the consensus estimate of $199.29 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company's revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

DCO has been the topic of a number of recent analyst reports. Citigroup reiterated a "buy" rating and issued a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a report on Monday, July 14th. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Zacks Research raised shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. Truist Financial boosted their target price on shares of Ducommun from $87.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, The Goldman Sachs Group boosted their target price on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research report on Monday, June 23rd. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Ducommun has a consensus rating of "Moderate Buy" and an average target price of $97.50.

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.