Moore Capital Management LP Invests $44.24 Million in Ducommun Incorporated $DCO

Moore Capital Management LP acquired a new stake in Ducommun Incorporated (NYSE:DCO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 238,844 shares of the aerospace company's stock, valued at approximately $44,236,000. Ducommun accounts for about 0.7% of Moore Capital Management LP's holdings, making the stock its 24th biggest holding. Moore Capital Management LP owned 1.58% of Ducommun as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Allworth Financial LP bought a new stake in Ducommun during the 2nd quarter worth approximately $26,000. Optiver Holding B.V. bought a new position in shares of Ducommun during the first quarter valued at $27,000. EverSource Wealth Advisors LLC raised its stake in shares of Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in shares of Ducommun during the second quarter worth $33,000. Finally, State of Wyoming bought a new stake in shares of Ducommun in the first quarter worth $35,000. Institutional investors own 92.15% of the company's stock.

Ducommun Trading Down 0.5%

NYSE:DCO opened at $175.42 on Monday. Ducommun Incorporated has a 12 month low of $84.76 and a 12 month high of $210.39. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -93.81 and a beta of 1.04. The firm has a fifty day simple moving average of $182.33 and a two-hundred day simple moving average of $153.40.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $224.49 million for the quarter, compared to analyst estimates 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 quarter in the prior year, the business earned $0.88 earnings per share. Analysts expect that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 2,500 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the transaction, the chief executive officer directly owned 383,864 shares of the company's stock, valued at approximately $78,289,062.80. This represents a 0.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DCO. Royal Bank Of Canada raised their target price on Ducommun from $175.00 to $200.00 and gave the stock a "sector performer" rating in a research report on Friday, August 7th. B. Riley Financial reiterated a "buy" rating on shares of Ducommun in a research report on Friday, August 7th. Weiss Ratings cut Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a research note on Tuesday, August 4th. The Goldman Sachs Group restated a "buy" rating on shares of Ducommun in a research report on Monday, August 10th. Finally, Citigroup reaffirmed a "buy" rating on shares of Ducommun in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $192.60.

About Ducommun

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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