GW&K Investment Management LLC Boosts Stake in Ducommun Incorporated $DCO

GW&K Investment Management LLC raised its position in Ducommun Incorporated (NYSE:DCO) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 319,772 shares of the aerospace company’s stock after buying an additional 6,192 shares during the period. GW&K Investment Management LLC owned 2.14% of Ducommun worth $30,420,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Ducommun by 4.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after purchasing an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Ducommun by 618.8% during the 2nd 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 last quarter. First Trust Advisors LP increased its stake in shares of Ducommun by 10.0% during the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock worth $480,000 after purchasing an additional 528 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Ducommun by 7.9% during the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock worth $5,912,000 after purchasing an additional 5,212 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 1.3%

Ducommun stock opened at $154.24 on Thursday. Ducommun Incorporated has a 1-year low of $73.77 and a 1-year high of $159.31. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -65.36 and a beta of 1.06. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. The firm has a 50 day simple moving average of $142.40 and a 200 day simple moving average of $121.95.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating 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 firm had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same period last year, the firm earned $0.83 EPS. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Ducommun Incorporated will post 4.07 earnings per share for the current year.

Insider Buying and Selling at Ducommun

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DCO. Truist Financial raised their price target on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group raised their price target on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Royal Bank Of Canada raised their price target on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Citigroup raised their price target on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, B. Riley Financial raised their price target on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.