Calamos Advisors LLC Takes $960,000 Position in Ducommun Incorporated $DCO

Calamos Advisors LLC purchased a new position in Ducommun Incorporated (NYSE:DCO) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,866 shares of the aerospace company’s stock, valued at approximately $960,000.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 297 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Ducommun by 16.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 107 shares during the last quarter. CIBC Private Wealth Group LLC bought a new position in Ducommun in the fourth quarter worth about $95,000. Danske Bank A S bought a new position in Ducommun in the fourth quarter worth about $111,000. Finally, Kemnay Advisory Services Inc. bought a new position in Ducommun in the fourth quarter worth about $118,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Stock Down 3.4%

DCO stock opened at $168.57 on Friday. The firm’s fifty day simple moving average is $160.20 and its 200-day simple moving average is $136.51. The company has a market capitalization of $2.54 billion, a P/E ratio of -71.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. Ducommun Incorporated has a 12 month low of $84.76 and a 12 month high of $196.63.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $209.02 million for the quarter, compared to analyst estimates of $199.61 million. During the same quarter in the prior year, the business earned $0.83 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, equities research analysts forecast that Ducommun Incorporated will post 4.07 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DCO shares. Truist Financial raised their price target on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Citigroup boosted their price objective on shares of Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, June 13th. Royal Bank Of Canada downgraded shares of Ducommun from an “outperform” rating to a “sector perform” rating and raised their target price for the company from $155.00 to $175.00 in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ducommun presently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the sale, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Rajiv A. Tata sold 1,612 shares of the stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the sale, the vice president directly owned 33,171 shares in the company, valued at $4,809,795. This represents a 4.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 7,883 shares of company stock valued at $1,200,336. 5.00% of the stock is owned by insiders.

About Ducommun

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.