Vanguard Group Inc. Purchases 18,436 Shares of Ducommun Incorporated $DCO

Key Points

• Vanguard Group Inc. increased its stake in Ducommun Incorporated by 2.5%, owning approximately 5.16% of the company after purchasing 18,436 shares, bringing its total to 767,398 shares valued at $44.5 million.
• Multiple hedge funds have also shifted their holdings in Ducommun, with Barclays PLC growing its position by 11.0% and First Trust Advisors LP increasing shares by 25.4% in the last quarter.
• Ducommun Inc. reported earnings of $0.88 per share, surpassing the consensus estimate, and has seen recent price targets from analysts rise substantially, with a current average price target of $97.50 reflecting a "Moderate Buy" rating.

Vanguard Group Inc. lifted its holdings in shares of Ducommun Incorporated (NYSE:DCO - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 767,398 shares of the aerospace company's stock after purchasing an additional 18,436 shares during the period. Vanguard Group Inc. owned about 5.16% of Ducommun worth $44,532,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Royal Bank of Canada grew its holdings in shares of Ducommun by 8.1% during the 4th quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company's stock valued at $23,005,000 after purchasing an additional 27,068 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Ducommun by 41.9% during the 4th quarter. Wellington Management Group LLP now owns 193,741 shares of the aerospace company's stock valued at $12,334,000 after purchasing an additional 57,172 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in shares of Ducommun by 7.0% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 173,248 shares of the aerospace company's stock valued at $10,054,000 after purchasing an additional 11,263 shares during the last quarter. Northern Trust Corp boosted its position in Ducommun by 5.4% during the 4th quarter. Northern Trust Corp now owns 130,177 shares of the aerospace company's stock valued at $8,287,000 after buying an additional 6,649 shares during the period. Finally, Phocas Financial Corp. boosted its position in Ducommun by 26.9% during the 1st quarter. Phocas Financial Corp. now owns 112,632 shares of the aerospace company's stock valued at $6,536,000 after buying an additional 23,869 shares during the period. Institutional investors own 92.15% of the company's stock.

Analysts Set New Price Targets

DCO has been the subject of several analyst reports. B. Riley reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, May 7th. Zacks Research raised shares of Ducommun to a "hold" rating in a research report on Monday, August 11th. The Goldman Sachs Group increased their price target on shares of Ducommun from $84.00 to $94.00 and gave the company a "buy" rating in a research report on Monday, June 23rd. Royal Bank Of Canada increased their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Wall Street Zen raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Sunday, August 10th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $97.50.

Ducommun Stock Down 0.7%

NYSE DCO traded down $0.65 during trading hours on Friday, reaching $91.20. 91,665 shares of the company's stock traded hands, compared to its average volume of 100,295. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $95.93. The firm has a market cap of $1.36 billion, a PE ratio of 34.68 and a beta of 1.38. The firm has a 50-day simple moving average of $88.31 and a 200 day simple moving average of $71.55. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17.

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

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.