Brown Advisory Inc. Has $41.25 Million Stock Position in Ducommun Incorporated $DCO

Brown Advisory Inc. lowered its stake in Ducommun Incorporated (NYSE:DCO) by 7.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 433,585 shares of the aerospace company’s stock after selling 35,545 shares during the period. Brown Advisory Inc.’s holdings in Ducommun were worth $41,247,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in DCO. Alliancebernstein L.P. boosted its position in Ducommun by 1,993.3% in the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock valued at $25,034,000 after buying an additional 288,496 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Ducommun in the fourth quarter valued at approximately $26,028,000. Aberdeen Group plc acquired a new stake in Ducommun in the third quarter valued at approximately $19,035,000. Thornburg Investment Management Inc. bought a new position in shares of Ducommun during the third quarter valued at $12,953,000. Finally, Van ECK Associates Corp raised its stake in shares of Ducommun by 79.7% during the fourth quarter. Van ECK Associates Corp now owns 186,835 shares of the aerospace company’s stock valued at $17,774,000 after acquiring an additional 82,859 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Buying and Selling at Ducommun

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of Ducommun stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Rajiv A. Tata sold 1,612 shares of Ducommun stock in a transaction 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 7,883 shares of company stock valued at $1,200,336. Corporate insiders own 5.00% of the company’s stock.

Ducommun Price Performance

Shares of NYSE DCO opened at $165.37 on Tuesday. Ducommun Incorporated has a twelve month low of $76.45 and a twelve month high of $167.88. The firm has a fifty day simple moving average of $144.77 and a 200 day simple moving average of $123.58. The company has a market capitalization of $2.50 billion, a PE ratio of -70.07 and a beta of 1.06. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44.

Ducommun (NYSE:DCO) last announced its earnings results 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 business had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same quarter last year, the firm earned $0.83 earnings per share. Ducommun’s quarterly revenue was up 7.7% on a year-over-year basis. On average, sell-side analysts forecast that Ducommun Incorporated will post 4.07 EPS for the current year.

Analyst Ratings Changes

DCO has been the subject of several analyst reports. Citigroup raised their price target on shares of Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank Of Canada raised their price target on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. 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 research note on Tuesday, May 26th. Finally, The Goldman Sachs Group raised their price target on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Five analysts have rated the stock with a Buy rating and two have issued 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 a consensus target price of $162.00.

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.