Gibson Capital LLC Lowers Holdings in Ducommun Incorporated $DCO

Gibson Capital LLC cut its holdings in Ducommun Incorporated (NYSE:DCO) by 11.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 62,229 shares of the aerospace company’s stock after selling 8,000 shares during the period. Ducommun accounts for 1.4% of Gibson Capital LLC’s investment portfolio, making the stock its 7th biggest position. Gibson Capital LLC owned approximately 0.42% of Ducommun worth $7,592,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Ducommun by 16.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 107 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 117 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Ducommun by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock valued at $657,000 after purchasing an additional 153 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 155 shares during the period. Finally, ProShare Advisors LLC lifted its holdings in Ducommun by 6.9% during the 4th quarter. ProShare Advisors LLC now owns 2,523 shares of the aerospace company’s stock worth $240,000 after purchasing an additional 163 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Ducommun

In other news, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the sale, the vice president owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP Rajiv A. Tata sold 1,612 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares in the company, valued at $4,809,795. This represents a 4.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 7,883 shares of company stock worth $1,200,336. 5.00% of the stock is currently owned by insiders.

Ducommun Stock Performance

Ducommun stock opened at $165.22 on Tuesday. The firm’s fifty day moving average price is $147.74 and its 200-day moving average price is $126.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The stock has a market cap of $2.49 billion, a P/E ratio of -70.01 and a beta of 1.06. Ducommun Incorporated has a fifty-two week low of $80.11 and a fifty-two week high of $168.74.

Ducommun (NYSE:DCO) last announced its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.07. The company had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.83 earnings per share. On average, equities research analysts expect that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DCO has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, May 18th. Truist Financial upped their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday, May 26th. B. Riley Financial increased their target price 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. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, June 13th. Finally, 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 report 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’s stock. Based on 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.