LPL Financial LLC Makes New $5.05 Million Investment in Ducommun Incorporated $DCO

Key Points

• LPL Financial LLC acquired 87,062 shares of Ducommun Incorporated for approximately $5.05 million, increasing its stake to 0.59% at the end of Q1.
• Wall Street analysts have a consensus rating of “Buy” for Ducommun, with a price target range between $94.00 and $101.00, indicating expectations for strong performance.
• Ducommun reported earnings of $0.88 EPS for the last quarter, exceeding estimates, with a revenue of $202.26 million, representing a 2.7% year-over-year increase.

LPL Financial LLC bought a new position in Ducommun Incorporated (NYSE:DCO - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 87,062 shares of the aerospace company's stock, valued at approximately $5,052,000. LPL Financial LLC owned 0.59% of Ducommun at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCO. Bank of America Corp DE increased its position in shares of Ducommun by 49.0% during the 4th quarter. Bank of America Corp DE now owns 63,120 shares of the aerospace company's stock worth $4,018,000 after purchasing an additional 20,763 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Ducommun by 36.9% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company's stock worth $1,621,000 after acquiring an additional 6,866 shares during the last quarter. Two Sigma Investments LP raised its holdings in Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company's stock worth $4,710,000 after buying an additional 32,156 shares during the period. Northern Trust Corp raised its holdings in shares of Ducommun by 5.4% in the fourth quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock valued at $8,287,000 after purchasing an additional 6,649 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Ducommun by 5,623.8% in the first quarter. GAMMA Investing LLC now owns 8,414 shares of the aerospace company's stock valued at $488,000 after purchasing an additional 8,267 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. B. Riley reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Truist Financial increased their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 10th. Zacks Research upgraded shares of Ducommun to a "hold" rating in a report on Monday, August 11th. Finally, Citigroup reiterated a "buy" rating and issued a $101.00 price objective (up previously from $91.00) on shares of Ducommun in a research note on Monday, July 14th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Ducommun presently has an average rating of "Buy" and a consensus price target of $97.50.

Ducommun Trading Down 0.0%

Shares of NYSE DCO traded down $0.02 during mid-day trading on Monday, hitting $91.59. The stock had a trading volume of 23,213 shares, compared to its average volume of 99,441. The firm has a market cap of $1.37 billion, a P/E ratio of 34.83 and a beta of 1.38. The business has a 50 day moving average price of $85.73 and a two-hundred day moving average price of $70.11. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $94.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS 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 firm had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. During the same quarter in the previous year, the business posted $0.52 EPS. The company's quarterly revenue was up 2.7% on a year-over-year basis. On average, equities analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Ducommun Company 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.