Virtus Advisers LLC Invests $570,000 in Ducommun Incorporated $DCO

Virtus Advisers LLC acquired a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,075 shares of the aerospace company’s stock, valued at approximately $570,000.

Several other institutional investors and hedge funds have also modified their holdings of DCO. Optiver Holding B.V. acquired a new stake in Ducommun during the 1st quarter worth approximately $27,000. State of Wyoming acquired a new position in shares of Ducommun in the first quarter valued at approximately $35,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Ducommun during the first quarter worth $56,000. Finally, KBC Group NV bought a new stake in shares of Ducommun during the first quarter worth $71,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ducommun

In related news, VP Laureen S. Gonzalez sold 589 shares of Ducommun stock in a transaction dated Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the sale, the vice president 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen G. Oswald sold 5,766 shares of the company’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. The trade was a 1.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 8,855 shares of company stock valued at $1,759,228. Company insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on DCO. Royal Bank Of Canada boosted their price objective on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research report on Friday, August 7th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. The Goldman Sachs Group restated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Finally, Truist Financial upped their price objective on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.60.

Ducommun Stock Performance

Shares of DCO stock opened at $188.31 on Friday. Ducommun Incorporated has a 12 month low of $84.76 and a 12 month high of $210.39. The company’s fifty day simple moving average is $180.02 and its 200-day simple moving average is $150.70. The firm has a market cap of $2.84 billion, a PE ratio of -100.70 and a beta of 1.04. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. During the same quarter last year, the firm earned $0.88 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts expect that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Ducommun Company 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.