Gamco Investors INC. ET AL Purchases 6,572 Shares of Ducommun Incorporated $DCO

Key Points

• Gamco Investors INC. ET AL increased its stake in Ducommun Incorporated by 1.1%, purchasing an additional 6,572 shares, bringing their total holdings to 588,278 shares valued at approximately $34.14 million.
• Ducommun's stock received a series of upgrades from various analysts, with Zacks Research raising it to a "hold" rating and Citigroup pushing its price target up to $101, reflecting a bullish sentiment in the market.
• The company's recent earnings report showed an EPS of $0.88, exceeding estimates, with revenues rising 2.7% year-over-year, indicating solid financial performance within the aerospace sector.

Gamco Investors INC. ET AL grew its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 588,278 shares of the aerospace company's stock after purchasing an additional 6,572 shares during the quarter. Gamco Investors INC. ET AL owned approximately 3.95% of Ducommun worth $34,138,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Gabelli Funds LLC increased its position in Ducommun by 18.8% during the first quarter. Gabelli Funds LLC now owns 102,374 shares of the aerospace company's stock worth $5,941,000 after acquiring an additional 16,235 shares during the period. Keeley Teton Advisors LLC increased its position in Ducommun by 11.3% during the first quarter. Keeley Teton Advisors LLC now owns 44,247 shares of the aerospace company's stock worth $2,568,000 after acquiring an additional 4,501 shares during the period. Virtus Advisers LLC bought a new position in Ducommun during the first quarter worth $103,000. Oliver Luxxe Assets LLC increased its position in Ducommun by 53.8% during the first quarter. Oliver Luxxe Assets LLC now owns 31,222 shares of the aerospace company's stock worth $1,812,000 after acquiring an additional 10,918 shares during the period. Finally, Penn Capital Management Company LLC bought a new position in Ducommun during the first quarter worth $857,000. Institutional investors own 92.15% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DCO shares. Zacks Research raised shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. B. Riley reiterated a "buy" rating on shares of Ducommun in a research note on Wednesday, May 7th. The Goldman Sachs Group lifted their price target on shares of Ducommun from $84.00 to $94.00 and gave the stock a "buy" rating in a research note on Monday, June 23rd. Finally, Citigroup reiterated a "buy" rating and set a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Five investment 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, Ducommun presently has a consensus rating of "Moderate Buy" and an average target price of $97.50.

Ducommun Stock Up 1.4%

Shares of NYSE:DCO opened at $94.1250 on Tuesday. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $94.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24. The company's fifty day moving average is $87.55 and its 200-day moving average is $71.08. The company has a market capitalization of $1.40 billion, a PE ratio of 35.79 and a beta of 1.38.

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

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.

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