Federated Investors Inc. PA Lowers Holdings in Ducommun Incorporated (DCO)

Federated Investors Inc. PA lessened its position in shares of Ducommun Incorporated (NYSE:DCO) by 37.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,265 shares of the aerospace company’s stock after selling 7,476 shares during the period. Federated Investors Inc. PA’s holdings in Ducommun were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DCO. Essex Investment Management Co. LLC purchased a new stake in Ducommun during the second quarter valued at about $1,759,000. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Ducommun by 42.9% in the second quarter. Dalton Greiner Hartman Maher & Co. now owns 132,002 shares of the aerospace company’s stock worth $4,368,000 after buying an additional 39,626 shares during the period. Foundry Partners LLC boosted its position in shares of Ducommun by 19.5% in the first quarter. Foundry Partners LLC now owns 239,980 shares of the aerospace company’s stock worth $7,291,000 after buying an additional 39,135 shares during the period. Argent Capital Management LLC purchased a new stake in shares of Ducommun in the second quarter worth about $1,186,000. Finally, BlackRock Inc. boosted its position in shares of Ducommun by 4.7% in the second quarter. BlackRock Inc. now owns 738,789 shares of the aerospace company’s stock worth $24,447,000 after buying an additional 33,242 shares during the period. 80.26% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE DCO opened at $40.82 on Wednesday. Ducommun Incorporated has a 1-year low of $25.06 and a 1-year high of $41.24. The company has a quick ratio of 1.54, a current ratio of 2.38 and a debt-to-equity ratio of 0.92. The stock has a market capitalization of $462.10 million, a PE ratio of 28.15 and a beta of 0.96.

Ducommun (NYSE:DCO) last issued its earnings results on Monday, August 6th. The aerospace company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). Ducommun had a return on equity of 6.87% and a net margin of 3.13%. The company had revenue of $154.83 million during the quarter, compared to analysts’ expectations of $148.53 million. During the same period in the previous year, the company earned $0.33 EPS. Ducommun’s quarterly revenue was up 9.9% on a year-over-year basis. research analysts anticipate that Ducommun Incorporated will post 1.66 EPS for the current fiscal year.

In related news, Director Robert C. Ducommun sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 6th. The stock was sold at an average price of $40.76, for a total value of $203,800.00. Following the transaction, the director now owns 413,745 shares in the company, valued at $16,864,246.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.50% of the stock is owned by corporate insiders.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Wednesday, August 8th. B. Riley upped their target price on Ducommun from $39.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Noble Financial raised Ducommun from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research report on Tuesday, August 7th. Finally, ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, June 28th. Six analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $40.20.

About Ducommun

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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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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