23,911 Shares in Ducommun Incorporated $DCO Bought by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC purchased a new stake in Ducommun Incorporated (NYSE:DCO) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 23,911 shares of the aerospace company’s stock, valued at approximately $4,429,000. Rice Hall James & Associates LLC owned about 0.16% of Ducommun at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in DCO. Alliancebernstein L.P. lifted its stake in shares of Ducommun by 1,993.3% during the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after acquiring an additional 288,496 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of Ducommun during the fourth quarter worth $26,028,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Ducommun during the second quarter valued at $22,810,000. Millennium Management LLC grew its holdings in shares of Ducommun by 267.3% in the fourth quarter. Millennium Management LLC now owns 116,872 shares of the aerospace company’s stock worth $11,118,000 after purchasing an additional 85,056 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Ducommun in the 2nd quarter worth about $15,718,000. 92.15% of the stock is owned by institutional investors.

Insider Activity at Ducommun

In related news, CEO Stephen G. Oswald sold 5,766 shares of the stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the completion of the sale, the chief executive officer owned 385,875 shares of the company’s stock, valued at $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 7,967 shares of company stock valued at $1,483,093 over the last 90 days. Insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Citigroup reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Royal Bank Of Canada raised their price target on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research note on Friday, August 7th. Finally, Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $192.60.

Ducommun Trading Down 1.0%

Shares of NYSE:DCO opened at $204.92 on Tuesday. The company has a market capitalization of $3.09 billion, a PE ratio of -109.58 and a beta of 1.04. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a 12-month low of $84.76 and a 12-month high of $210.39. The business’s fifty day simple moving average is $177.66 and its 200-day simple moving average is $148.89.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The firm had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.88 EPS. As a group, equities research analysts predict that Ducommun Incorporated will post 4.26 earnings per share for the current fiscal year.

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.