CSM Advisors LLC Lowers Holdings in Ducommun Incorporated $DCO

CSM Advisors LLC trimmed its stake in shares of Ducommun Incorporated (NYSE:DCO) by 14.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,679 shares of the aerospace company’s stock after selling 12,411 shares during the period. CSM Advisors LLC owned about 0.49% of Ducommun worth $6,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its position in Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings 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 valued at $29,000 after purchasing an additional 297 shares in the last quarter. Traub Capital Management LLC acquired a new position in shares of Ducommun in the 2nd quarter valued at $35,000. Financial Consulate Inc. acquired a new position in shares of Ducommun in the 3rd quarter valued at $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Ducommun during the third quarter worth $63,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Ducommun

In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the transaction, the director owned 20,100 shares in the company, valued at $2,629,683. This represents a 34.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DCO has been the topic of several analyst reports. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. Finally, Truist Financial upped their price target on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $140.25.

Ducommun Price Performance

Shares of NYSE DCO opened at $125.08 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The firm has a fifty day moving average of $119.17 and a 200 day moving average of $102.21. The firm has a market cap of $1.88 billion, a PE ratio of -54.15 and a beta of 1.03. Ducommun Incorporated has a one year low of $51.76 and a one year high of $140.02.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The business had revenue of $215.80 million for the quarter, compared to the consensus estimate of $217.42 million. During the same period last year, the firm posted $0.75 earnings per share. The company’s revenue was up 9.4% compared to the same quarter last year. As a group, research analysts predict that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

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.