Dalton Greiner Hartman Maher & Co. cut its stake in shares of Ducommun Incorporated (NYSE:DCO) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,310 shares of the aerospace company’s stock after selling 11,602 shares during the quarter. Dalton Greiner Hartman Maher & Co.’s holdings in Ducommun were worth $5,574,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Quantum Capital Management acquired a new position in shares of Ducommun during the third quarter worth about $159,000. California State Teachers Retirement System grew its position in shares of Ducommun by 1.9% during the third quarter. California State Teachers Retirement System now owns 16,725 shares of the aerospace company’s stock worth $709,000 after buying an additional 318 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Ducommun by 539.8% during the third quarter. Tower Research Capital LLC TRC now owns 2,073 shares of the aerospace company’s stock worth $88,000 after buying an additional 1,749 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Ducommun by 55.0% during the third quarter. Monarch Partners Asset Management LLC now owns 15,561 shares of the aerospace company’s stock worth $660,000 after buying an additional 5,520 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Ducommun by 27.0% during the third quarter. First Trust Advisors LP now owns 24,068 shares of the aerospace company’s stock worth $1,020,000 after buying an additional 5,122 shares in the last quarter. 83.06% of the stock is owned by institutional investors and hedge funds.
DCO has been the subject of a number of analyst reports. ValuEngine raised Ducommun from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Sidoti lowered their price objective on Ducommun from $45.00 to $42.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. B. Riley restated a “neutral” rating and set a $55.00 target price (down previously from $62.50) on shares of Ducommun in a research note on Thursday, January 2nd. Finally, Zacks Investment Research cut Ducommun from a “hold” rating to a “strong sell” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $47.60.
DCO stock opened at $40.95 on Thursday. The business has a 50 day moving average price of $47.85 and a 200 day moving average price of $44.61. The stock has a market cap of $472.01 million, a price-to-earnings ratio of 16.73 and a beta of 0.77. Ducommun Incorporated has a fifty-two week low of $35.81 and a fifty-two week high of $53.41. The company has a quick ratio of 1.52, a current ratio of 2.35 and a debt-to-equity ratio of 0.84.
Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, October 30th. The aerospace company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The firm had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $174.05 million. Ducommun had a return on equity of 10.70% and a net margin of 3.47%. The firm’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.62 earnings per share. As a group, sell-side analysts anticipate that Ducommun Incorporated will post 2.64 EPS for the current year.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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