EntryPoint Capital LLC Purchases New Stake in Ducommun Incorporated $DCO

Key Points

• EntryPoint Capital LLC has invested $272,000 in Ducommun Incorporated by acquiring 4,694 shares of the aerospace company's stock in the first quarter.
• Wall Street analysts are optimistic about Ducommun, with multiple firms, including Citigroup and Goldman Sachs, raising their price targets, reflecting a consensus rating of "Moderate Buy" and an average price target of $97.50.
• Ducommun reported a quarterly earnings per share (EPS) of $0.88, exceeding analysts' expectations, and showing a 2.7% year-over-year revenue growth.

EntryPoint Capital LLC purchased a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,694 shares of the aerospace company's stock, valued at approximately $272,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rafferty Asset Management LLC grew its position in shares of Ducommun by 4.9% in the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 164 shares during the period. Arizona State Retirement System grew its position in shares of Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after purchasing an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Ducommun by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 247 shares during the period. Sterling Capital Management LLC grew its position in shares of Ducommun by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Ducommun by 10.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 4,361 shares of the aerospace company's stock valued at $278,000 after purchasing an additional 414 shares during the period. 92.15% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DCO. The Goldman Sachs Group boosted their price objective on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Citigroup reiterated a "buy" rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Royal Bank Of Canada boosted their price objective on Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Zacks Research raised Ducommun to a "hold" rating in a research report on Monday, August 11th. Finally, Wall Street Zen raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $97.50.

Ducommun Stock Down 1.5%

NYSE:DCO traded down $1.42 during trading hours on Wednesday, reaching $92.45. 75,013 shares of the stock were exchanged, compared to its average volume of 99,951. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $95.93. The stock has a market cap of $1.38 billion, a PE ratio of 35.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. The firm has a 50 day moving average of $87.84 and a 200 day moving average of $71.24.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The company had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. During the same quarter in the prior year, the business posted $0.52 EPS. The business's revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.

About Ducommun

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.