Tudor Investment Corp ET AL Purchases 22,848 Shares of Ducommun Incorporated $DCO

Key Points

• Tudor Investment Corp ET AL boosted its Ducommun stake by 553.2%, buying 22,848 shares to hold 26,978 shares (about 0.18% of the company) worth roughly $2.59 million per its latest 13F filing.
• Analyst sentiment has turned more positive—several firms (Goldman Sachs, RBC, Truist) raised target prices and Ducommun carries a consensus rating of Moderate Buy with an average target of $139.75.
• Insider activity: director Richard A. Baldridge sold 10,440 shares at an average of $130.83 (about $1.37M), and insiders now own approximately 5% of the company.

Tudor Investment Corp ET AL raised its position in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 553.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,978 shares of the aerospace company's stock after acquiring an additional 22,848 shares during the period. Tudor Investment Corp ET AL owned approximately 0.18% of Ducommun worth $2,593,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company's stock valued at $26,000 after acquiring an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in 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. Financial Consulate Inc. bought a new position in Ducommun during the third quarter valued at $48,000. Wealth Enhancement Advisory Services LLC bought a new position in Ducommun during the third quarter valued at $63,000. Finally, State of Alaska Department of Revenue bought a new position in Ducommun during the third quarter valued at $79,000. Institutional investors own 92.15% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Ducommun from $117.00 to $132.00 and gave the company a "buy" rating in a research note on Tuesday, January 20th. Royal Bank Of Canada boosted their target price on shares of Ducommun from $142.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, March 13th. Truist Financial boosted their target price on shares of Ducommun from $124.00 to $136.00 and gave the company a "buy" rating in a research note on Friday, February 27th. Weiss Ratings reissued a "hold (c-)" rating on shares of Ducommun in a research note on Monday, December 29th. Finally, Citigroup lowered their target price on shares of Ducommun from $143.00 to $141.00 and set a "buy" rating for the company in a research note on Thursday, April 2nd. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Ducommun currently has a consensus rating of "Moderate Buy" and an average target price of $139.75.

Insider Activity at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the sale, the director directly owned 20,100 shares of the company's stock, valued at approximately $2,629,683. This represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.00% of the company's stock.

Ducommun Stock Down 0.6%

NYSE:DCO opened at $139.79 on Friday. Ducommun Incorporated has a 1-year low of $53.71 and a 1-year high of $143.33. The company has a 50-day moving average of $126.03 and a 200 day moving average of $107.08. The firm has a market cap of $2.10 billion, a PE ratio of -60.51 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47.

Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.91 by $0.14. The company had revenue of $215.80 million during the quarter, compared to analyst estimates of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The firm's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. As a group, research analysts anticipate that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Ducommun Profile

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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