Penn Capital Management Company LLC Invests $857,000 in Ducommun Incorporated $DCO

Key Points

• Penn Capital Management Company LLC acquired a new stake in Ducommun Incorporated, purchasing 14,762 shares valued at approximately $857,000.
• Ducommun reported earnings of $0.88 per share for the last quarter, exceeding analysts' expectations by $0.08 and achieving a year-over-year revenue increase of 2.7%.
• A majority of Ducommun's stock, approximately 92.15%, is owned by institutional investors, with several hedge funds recently acquiring significant stakes.

Penn Capital Management Company LLC purchased a new position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,762 shares of the aerospace company's stock, valued at approximately $857,000. Penn Capital Management Company LLC owned about 0.10% of Ducommun at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Rafferty Asset Management LLC lifted its holdings in Ducommun by 4.9% during the 4th quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock worth $222,000 after buying an additional 164 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Ducommun by 4.8% in the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after purchasing an additional 176 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Ducommun by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 247 shares during the last quarter. Martingale Asset Management L P lifted its holdings in shares of Ducommun by 0.9% in the 1st quarter. Martingale Asset Management L P now owns 35,286 shares of the aerospace company's stock valued at $2,048,000 after purchasing an additional 301 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in shares of Ducommun by 804.2% in the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock valued at $28,000 after purchasing an additional 386 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Price Performance

Shares of DCO traded down $0.11 on Friday, reaching $91.75. The stock had a trading volume of 18,171 shares, compared to its average volume of 99,836. The firm has a market capitalization of $1.37 billion, a PE ratio of 34.88 and a beta of 1.38. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average of $88.31 and a 200 day moving average of $71.55. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $95.93.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The aerospace company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.08. The business had revenue of $202.26 million for the quarter, compared to analysts' expectations of $199.29 million. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 EPS. Sell-side analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. B. Riley reissued a "buy" rating on shares of Ducommun in a report on Wednesday, May 7th. Truist Financial boosted their target price on Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a report on Friday, July 11th. Citigroup restated a "buy" rating and issued a $101.00 price target (up previously from $91.00) on shares of Ducommun in a research report on Monday, July 14th. Wall Street Zen upgraded Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Finally, The Goldman Sachs Group boosted their price target on Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Ducommun has an average rating of "Moderate Buy" and an average price target of $97.50.

About Ducommun

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.