J. Goldman & Co LP Invests $3.65 Million in Ducommun Incorporated $DCO

J. Goldman & Co LP bought a new position in Ducommun Incorporated (NYSE:DCO - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 19,693 shares of the aerospace company's stock, valued at approximately $3,647,000. J. Goldman & Co LP owned about 0.13% of Ducommun as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of DCO. Allworth Financial LP acquired a new stake in Ducommun during the second quarter worth about $26,000. Optiver Holding B.V. acquired a new stake in Ducommun during the 1st quarter worth approximately $27,000. State of Wyoming acquired a new stake in Ducommun during the 1st quarter worth approximately $35,000. EverSource Wealth Advisors LLC raised its holdings in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after buying an additional 297 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Ducommun in the first quarter valued at approximately $56,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DCO shares. The Goldman Sachs Group reiterated a "buy" rating on shares of Ducommun in a research note on Monday, August 10th. Wall Street Zen raised shares of Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Truist Financial lifted their target price on shares of Ducommun from $150.00 to $209.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Citigroup reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada increased their price target on Ducommun from $175.00 to $200.00 and gave the company a "sector performer" rating in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ducommun has a consensus rating of "Moderate Buy" and an average price target of $192.60.

Ducommun Trading Down 1.4%

DCO opened at $181.32 on Wednesday. The firm's 50 day moving average is $181.29 and its 200-day moving average is $152.12. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2.74 billion, a P/E ratio of -96.96 and a beta of 1.04.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 earnings per share. Analysts expect that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ducommun news, CEO Stephen G. Oswald sold 5,766 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the completion of the transaction, the chief executive officer directly owned 385,875 shares of the company's stock, valued at $77,618,756.25. This represents a 1.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Laureen S. Gonzalez sold 589 shares of the firm's stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the sale, the vice president owned 11,172 shares of the company's stock, valued at $1,698,032.28. This represents 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 8,855 shares of company stock worth $1,759,228 in the last quarter. 5.00% of the stock is currently owned by company insiders.

Ducommun Company 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.

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