WCM Investment Management LLC Lowers Holdings in Ducommun Incorporated $DCO

WCM Investment Management LLC trimmed its position in Ducommun Incorporated (NYSE:DCO) by 3.9% in the 1st quarter, Holdings Channel reports. The firm owned 121,769 shares of the aerospace company’s stock after selling 4,977 shares during the quarter. WCM Investment Management LLC’s holdings in Ducommun were worth $14,259,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the period. KBC Group NV purchased a new stake in shares of Ducommun in the first quarter worth $71,000. Wealth Enhancement Advisory Services LLC boosted its stake in Ducommun by 16.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after buying an additional 107 shares during the period. CIBC Private Wealth Group LLC bought a new stake in Ducommun during the fourth quarter valued at $95,000. Finally, Danske Bank A S purchased a new position in Ducommun during the fourth quarter worth about $111,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Citigroup upped their target price on Ducommun from $167.00 to $216.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Truist Financial lifted their price target on Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. Royal Bank Of Canada lowered Ducommun from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $155.00 to $175.00 in a report on Thursday, July 9th. B. Riley Financial boosted their price objective on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Saturday. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $175.80.

Insider Transactions at Ducommun

In other 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 transaction, the vice president directly owned 11,172 shares in the company, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Jerry L. Redondo sold 5,682 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the transaction, the vice president owned 62,034 shares in the company, valued at $9,575,568.24. This trade represents a 8.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by corporate insiders.

Ducommun Stock Down 0.0%

Shares of NYSE:DCO opened at $168.44 on Tuesday. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $196.63. The firm has a fifty day moving average of $161.39 and a 200 day moving average of $137.54. The firm has a market capitalization of $2.54 billion, a PE ratio of -71.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67.

Ducommun (NYSE:DCO) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The business had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same quarter in the prior year, the firm earned $0.83 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, research analysts anticipate that Ducommun Incorporated will post 4.07 EPS for the current fiscal year.

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.