Ducommun Incorporated $DCO Stock: Calamos Advisors LLC Raises Holdings

Key Points

• Calamos Advisors increased its Ducommun stake by 115.8% in Q3, ending the period with 18,104 shares worth about $3.1 million. Institutional investors collectively own 92.15% of the company.
• Ducommun beat Q3 estimates with adjusted EPS of $1.21 versus $1.15 expected and revenue of $227.02 million, up 6.8% year over year. The company also reported record revenue and gross margin, plus a 2.2x defense book-to-bill ratio.
• Analyst views were mixed: RBC cut its price target to $155 and B. Riley lowered its target to $203, while both maintained their existing ratings. MarketBeat reports a consensus “Moderate Buy” rating and average target of $196.67.

Calamos Advisors LLC lifted its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 115.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,104 shares of the aerospace company's stock after buying an additional 9,713 shares during the period. Calamos Advisors LLC owned approximately 0.12% of Ducommun worth $3,106,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parvin Asset Management LLC increased its position in Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company's stock valued at $163,000 after acquiring an additional 110 shares during the period. Allworth Financial LP acquired a new position in Ducommun during the 2nd quarter worth $26,000. Fortitude Family Office LLC boosted its position in Ducommun by 1,800.0% during the 3rd quarter. Fortitude Family Office LLC now owns 171 shares of the aerospace company's stock worth $29,000 after acquiring an additional 162 shares during the period. Public Employees Retirement System of Ohio acquired a new position in Ducommun during the 2nd quarter worth $33,000. Finally, Optiver Holding B.V. bought a new position in shares of Ducommun in the first quarter worth $27,000. 92.15% of the stock is owned by institutional investors.

Ducommun News Roundup

Here are the key news stories impacting Ducommun this week:

• Positive Sentiment: Q3 adjusted earnings of $1.21 per share topped the $1.15 consensus estimate, and revenue of $227.02 million exceeded forecasts and rose 6.8% year over year. The company also reported record revenue and gross margin, record remaining performance obligations, and a 2.2x defense book-to-bill ratio. Ducommun Q3 2026 results
• Neutral Sentiment: B. Riley cut its price target to $203 from $222 but maintained a Buy rating. Its revised target remains well above the cited share price, though the reduction suggests a more cautious outlook. Analyst price target updates
• Negative Sentiment: RBC lowered its target to $155 from $180 and kept a Sector Perform rating. Although the new target is still above the cited share price, the sizable cut may weigh on investor expectations. RBC price target update

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DCO. Weiss Ratings lowered Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a report on Friday, September 18th. Truist Financial lifted their price objective on shares of Ducommun from $150.00 to $209.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Zacks Research downgraded shares of Ducommun from a "strong-buy" rating to a "hold" rating in a report on Monday, October 12th. Wall Street Zen upgraded shares of Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Finally, The Goldman Sachs Group reiterated a "buy" rating on shares of Ducommun in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $196.67.

Insider Activity at Ducommun

In other news, CEO Stephen Oswald sold 2,500 shares of the business's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the sale, the chief executive officer owned 383,864 shares of the company's stock, valued at approximately $78,289,062.80. The trade was a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 5.00% of the company's stock.

Ducommun Price Performance

Shares of NYSE:DCO opened at $134.71 on Monday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 40.58 and a beta of 1.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 3.04 and a quick ratio of 2.20. Ducommun Incorporated has a 12 month low of $84.76 and a 12 month high of $210.39. The stock's 50 day moving average price is $166.68 and its 200 day moving average price is $154.07.

Ducommun (NYSE:DCO - Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The aerospace company reported $1.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.15 by $0.06. The firm had revenue of $227.02 million during the quarter, compared to analyst estimates of $221.93 million. Ducommun had a return on equity of 9.52% and a net margin of 5.89%. During the same period last year, the company posted $0.99 EPS. The firm's quarterly revenue was up 6.8% on a year-over-year basis. Equities research analysts anticipate that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

About Ducommun

Ducommun Incorporated NYSE: DCO is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.

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