134,748 Shares in Ducommun Incorporated $DCO Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. purchased a new stake in Ducommun Incorporated (NYSE:DCO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 134,748 shares of the aerospace company’s stock, valued at approximately $12,953,000. Thornburg Investment Management Inc. owned approximately 0.90% of Ducommun as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Ducommun by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 823,225 shares of the aerospace company’s stock worth $79,137,000 after buying an additional 16,985 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Ducommun by 7.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,414 shares of the aerospace company’s stock valued at $232,000 after purchasing an additional 164 shares in the last quarter. Aberdeen Group plc bought a new position in shares of Ducommun during the third quarter valued at about $19,035,000. Advisors Asset Management Inc. increased its stake in Ducommun by 63.7% in the 3rd quarter. Advisors Asset Management Inc. now owns 31,741 shares of the aerospace company’s stock worth $3,051,000 after purchasing an additional 12,353 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in shares of Ducommun by 3.8% during the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DCO. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Royal Bank Of Canada upped their price target on Ducommun from $100.00 to $142.00 and gave the stock an “outperform” rating in a research note on Friday, February 20th. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, The Goldman Sachs Group lifted their price target on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $123.50.

Ducommun Stock Performance

Shares of DCO stock opened at $126.62 on Thursday. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of -54.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. Ducommun Incorporated has a one year low of $51.76 and a one year high of $128.17. The company’s 50-day moving average is $111.19 and its 200 day moving average is $99.02.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.14. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The business had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. Sell-side analysts expect that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction that occurred 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 directly owned 65,269 shares of the company’s stock, valued at approximately $6,060,879.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 8.90% of the stock is currently owned by insiders.

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.