Meros Investment Management LP bought a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 118,423 shares of the aerospace company's stock, valued at approximately $21,933,124. Ducommun makes up approximately 0.0% of Meros Investment Management LP's investment portfolio, making the stock its largest position. Meros Investment Management LP owned approximately 0.78% of Ducommun as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Allworth Financial LP bought a new position in Ducommun in the second quarter valued at $26,000. Optiver Holding B.V. purchased a new position in shares of Ducommun in the first quarter worth about $27,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock worth $29,000 after purchasing an additional 297 shares in the last quarter. State of Wyoming bought a new position in Ducommun in the 1st quarter worth $35,000. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ducommun in the 1st quarter worth $56,000. Institutional investors and hedge funds own 92.15% of the company's stock.
Ducommun Trading Down 4.6%
Shares of DCO traded down $8.43 during trading hours on Friday, hitting $175.50. The company had a trading volume of 142,653 shares, compared to its average volume of 220,630. The stock's 50 day moving average price is $182.10 and its 200 day moving average price is $153.02. 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 cap of $2.65 billion, a P/E ratio of -93.85 and a beta of 1.04. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39.
Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The business had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. During the same period in the previous year, the business earned $0.88 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. On average, research analysts predict that Ducommun Incorporated will post 4.26 EPS for the current year.
Insider Buying and Selling
In other Ducommun news, CEO Stephen G. Oswald sold 5,766 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the completion of the transaction, the chief executive officer owned 385,875 shares of the company's stock, valued at approximately $77,618,756.25. This trade represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 5.00% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on DCO shares. Wall Street Zen upgraded Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Citigroup reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, August 12th. Truist Financial raised their price target on shares of Ducommun from $150.00 to $209.00 and gave the company a "buy" rating in a report on Thursday, August 13th. Zacks Research upgraded shares of Ducommun from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th. Finally, Weiss Ratings lowered Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $192.60.
Get Our Latest Analysis on DCO
Ducommun Profile
(
Free Report)
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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