A.R.T. Advisors LLC Takes Position in Ducommun Incorporated (DCO)
A.R.T. Advisors LLC acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,300 shares of the company’s stock, valued at approximately $237,000. A.R.T. Advisors LLC owned about 0.08% of Ducommun at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in DCO. 1st Global Advisors Inc. acquired a new position in Ducommun during the third quarter valued at $299,000. Dynamic Technology Lab Private Ltd acquired a new position in Ducommun during the fourth quarter valued at $318,000. American Financial Group Inc. boosted its position in Ducommun by 34.6% in the third quarter. American Financial Group Inc. now owns 14,886 shares of the company’s stock valued at $340,000 after buying an additional 3,830 shares during the period. Zacks Investment Management acquired a new position in Ducommun during the third quarter valued at $405,000. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Ducommun by 37.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 21,750 shares of the company’s stock valued at $497,000 after buying an additional 5,909 shares during the period. Institutional investors and hedge funds own 79.96% of the company’s stock.
Shares of Ducommun Incorporated (NYSE:DCO) opened at 28.67 on Tuesday. The company has a 50-day moving average price of $30.17 and a 200-day moving average price of $25.93. The firm has a market cap of $320.96 million, a price-to-earnings ratio of 12.80 and a beta of 1.09. Ducommun Incorporated has a 12 month low of $14.13 and a 12 month high of $33.65.
Ducommun (NYSE:DCO) last issued its quarterly earnings results on Monday, March 6th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.00. The company earned $142.49 million during the quarter, compared to analysts’ expectations of $140.12 million. Ducommun had a positive return on equity of 7.00% and a negative net margin of 7.29%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($5.74) earnings per share. Analysts forecast that Ducommun Incorporated will post $1.46 earnings per share for the current fiscal year.
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DCO has been the topic of several recent analyst reports. Zacks Investment Research upgraded Ducommun from a “hold” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Wednesday, December 7th. FBR & Co reissued a “buy” rating and issued a $30.00 target price on shares of Ducommun in a research report on Sunday, January 8th. Canaccord Genuity reissued a “buy” rating and issued a $28.00 target price on shares of Ducommun in a research report on Thursday, January 5th. TheStreet raised Ducommun from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. Finally, B. Riley reissued a “neutral” rating and issued a $32.50 target price on shares of Ducommun in a research report on Saturday, March 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $29.30.
In other news, VP James S. Heiser sold 1,858 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $29.10, for a total value of $54,067.80. Following the completion of the sale, the vice president now owns 12,892 shares of the company’s stock, valued at $375,157.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 9.10% of the company’s stock.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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