Ducommun Incorporated $DCO Stake Decreased by Gibson Capital LLC

Gibson Capital LLC lowered its position in Ducommun Incorporated (NYSE:DCO) by 6.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,229 shares of the aerospace company’s stock after selling 5,000 shares during the quarter. Ducommun comprises about 1.2% of Gibson Capital LLC’s portfolio, making the stock its 7th largest position. Gibson Capital LLC owned 0.47% of Ducommun worth $6,681,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of Ducommun by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after acquiring an additional 19,143 shares during the period. Alliancebernstein L.P. raised its stake in shares of Ducommun by 5.4% in the third quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock valued at $30,711,000 after acquiring an additional 16,501 shares during the period. Kennedy Capital Management LLC raised its stake in shares of Ducommun by 18.4% in the third quarter. Kennedy Capital Management LLC now owns 287,298 shares of the aerospace company’s stock valued at $27,618,000 after acquiring an additional 44,564 shares during the period. Aberdeen Group plc raised its stake in shares of Ducommun by 7.2% in the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after acquiring an additional 14,721 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Ducommun by 8.6% in the third quarter. Invesco Ltd. now owns 139,811 shares of the aerospace company’s stock valued at $13,440,000 after acquiring an additional 11,110 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Trading Down 5.0%

NYSE DCO opened at $144.07 on Friday. The company has a current ratio of 3.67, a quick ratio of 2.47 and a debt-to-equity ratio of 0.44. Ducommun Incorporated has a 12 month low of $66.24 and a 12 month high of $156.32. The company’s 50-day moving average price is $134.13 and its 200-day moving average price is $114.62. The stock has a market cap of $2.17 billion, a PE ratio of -61.05 and a beta of 1.06.

Ducommun (NYSE:DCO) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The company had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same period in the prior year, the business earned $0.83 EPS. The firm’s quarterly revenue was up 7.7% on a year-over-year basis. Equities research analysts forecast that Ducommun Incorporated will post 4.16 earnings per share for the current year.

Insider Activity

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 transaction, the director directly owned 20,100 shares in the company, valued at $2,629,683. This represents a 34.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the transaction, the vice president owned 62,034 shares in the company, valued at approximately $9,575,568.24. The trade was a 8.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 5.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on DCO shares. Wall Street Zen cut shares of Ducommun from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial upgraded shares of Ducommun to a “strong-buy” rating in a report on Friday, May 1st. B. Riley Financial upped their price target on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada upped their price target on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Citigroup cut their price target on shares of Ducommun from $143.00 to $141.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $154.00.

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.