Oliver Luxxe Assets LLC Cuts Holdings in Ducommun Incorporated $DCO

Key Points

• Oliver Luxxe Assets LLC cut its Ducommun stake by 46.8% in the second quarter, selling 14,504 shares and retaining 16,510 shares worth approximately $3.06 million. Institutional investors and hedge funds collectively own 92.15% of the company.
• Ducommun reported strong second-quarter results, with earnings of $1.18 per share surpassing the $0.98 consensus estimate and revenue rising 11% year over year to $224.49 million.
• Insiders sold 7,883 shares worth about $1.2 million over the past three months. Despite a consensus “Moderate Buy” rating and an average price target of $180.80, the stock’s negative net margin and elevated valuation remain potential risks.

Oliver Luxxe Assets LLC lowered its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 46.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,510 shares of the aerospace company's stock after selling 14,504 shares during the period. Oliver Luxxe Assets LLC owned about 0.11% of Ducommun worth $3,058,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company's stock valued at $72,000 after acquiring an additional 107 shares during the period. Parvin Asset Management LLC raised its holdings in Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company's stock worth $163,000 after purchasing an additional 110 shares during the period. Envestnet Asset Management Inc. boosted its position in Ducommun by 3.8% during the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company's stock worth $311,000 after purchasing an additional 117 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company's stock worth $657,000 after purchasing an additional 153 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Ducommun by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company's stock valued at $414,000 after purchasing an additional 155 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ducommun

In other news, 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 transaction, the vice president directly owned 11,172 shares of the company's stock, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Rajiv A. Tata sold 1,612 shares of the business's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the transaction, the vice president owned 33,171 shares in the company, valued at $4,809,795. The trade was a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,883 shares of company stock valued at $1,200,336. Corporate insiders own 5.00% of the company's stock.

Ducommun Stock Down 2.5%

Shares of DCO opened at $196.43 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. Ducommun Incorporated has a one year low of $84.76 and a one year high of $210.39. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of -105.04 and a beta of 1.04. The stock has a 50 day moving average price of $171.49 and a 200 day moving average price of $144.97.

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 analysts' consensus estimates of $0.98 by $0.20. Ducommun had a positive return on equity of 9.31% and a negative net margin of 3.10%.The company had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. During the same quarter last year, the firm posted $0.88 EPS. The firm's revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts forecast that Ducommun Incorporated will post 4.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Weiss Ratings cut Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday. Truist Financial lifted their price target on shares of Ducommun from $136.00 to $150.00 and gave the company a "buy" rating in a research note on Tuesday, May 26th. B. Riley Financial reissued a "buy" rating on shares of Ducommun in a report on Friday. Citigroup upped their price objective on shares of Ducommun from $167.00 to $216.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Finally, The Goldman Sachs Group increased their price objective on shares of Ducommun from $134.00 to $151.00 and gave the company a "buy" rating in a report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $180.80.

Ducommun News Roundup

Here are the key news stories impacting Ducommun this week:

• Positive Sentiment: Second-quarter adjusted earnings were $1.18 per share, exceeding the $0.98 consensus estimate and rising from $0.88 a year earlier. Revenue increased 11% year over year to $224.49 million, also ahead of expectations. Ducommun Q2 earnings report
• Positive Sentiment: Management highlighted record revenue and gross margin, while remaining performance obligations reached an all-time high. The backlog provides greater visibility into future aerospace and defense sales. Ducommun second-quarter results
• Positive Sentiment: Growth in engineered products and strong missile-related demand were identified as key drivers of the quarterly outperformance, supporting the company’s exposure to defense and aerospace programs. DCO Q2 deep dive
• Neutral Sentiment: Royal Bank of Canada raised its price target from $175 to $200 but maintained a “sector performer” rating. The new target represents only about 1.8% potential upside based on the reference price, suggesting analysts see fairly limited near-term appreciation. RBC Ducommun price target update
• Negative Sentiment: Despite the earnings beat, Ducommun continues to report a negative net margin, and its elevated valuation—reflected in a price-to-earnings ratio below zero—could make the stock sensitive to profit-taking after its substantial run toward the 12-month high.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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