Rice Hall James & Associates LLC Trims Stake in Ducommun Incorporated $DCO

Rice Hall James & Associates LLC lessened its holdings in Ducommun Incorporated (NYSE:DCO) by 44.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,999 shares of the aerospace company’s stock after selling 25,272 shares during the period. Rice Hall James & Associates LLC owned approximately 0.21% of Ducommun worth $2,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DCO. Russell Investments Group Ltd. lifted its position in Ducommun by 30.1% in the first quarter. Russell Investments Group Ltd. now owns 11,198 shares of the aerospace company’s stock valued at $650,000 after buying an additional 2,590 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Ducommun by 17.3% in the 1st quarter. American Century Companies Inc. now owns 31,660 shares of the aerospace company’s stock valued at $1,837,000 after acquiring an additional 4,668 shares during the period. Vident Advisory LLC acquired a new position in shares of Ducommun in the 1st quarter worth approximately $2,769,000. AQR Capital Management LLC boosted its position in shares of Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after purchasing an additional 10,574 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after purchasing an additional 319 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Jerry L. Redondo sold 2,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the transaction, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms have commented on DCO. Weiss Ratings upgraded Ducommun from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, December 22nd. Citigroup began coverage on Ducommun in a research note on Thursday, December 11th. They set a “buy” rating and a $110.00 target price on the stock. Wall Street Zen cut Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Finally, Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.75.

Ducommun Stock Down 1.5%

Shares of NYSE:DCO opened at $96.51 on Friday. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $101.47. The firm’s 50 day moving average price is $92.72 and its 200 day moving average price is $90.60. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -41.24 and a beta of 1.08.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The company had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. During the same period in the prior year, the firm posted $0.67 EPS. The company’s quarterly revenue was up 5.6% compared to the same quarter last year. As a group, equities research analysts predict that Ducommun Incorporated will post 3.21 earnings per share 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.