Ducommun Incorporated (NYSE:DCO) Shares Sold by Foundry Partners LLC
Foundry Partners LLC lowered its position in Ducommun Incorporated (NYSE:DCO) by 32.2% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 130,045 shares of the aerospace company’s stock after selling 61,725 shares during the period. Foundry Partners LLC’s holdings in Ducommun were worth $4,107,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in DCO. Vanguard Group Inc. boosted its position in Ducommun by 7.0% in the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock worth $12,712,000 after buying an additional 29,007 shares in the last quarter. LSV Asset Management boosted its position in Ducommun by 7.9% in the first quarter. LSV Asset Management now owns 292,312 shares of the aerospace company’s stock worth $8,415,000 after buying an additional 21,425 shares in the last quarter. State Street Corp boosted its position in Ducommun by 2.5% in the fourth quarter. State Street Corp now owns 182,289 shares of the aerospace company’s stock worth $4,659,000 after buying an additional 4,489 shares in the last quarter. AQR Capital Management LLC boosted its position in Ducommun by 122.9% in the first quarter. AQR Capital Management LLC now owns 157,807 shares of the aerospace company’s stock worth $4,543,000 after buying an additional 87,019 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Ducommun by 5.7% in the first quarter. Royce & Associates LP now owns 141,813 shares of the aerospace company’s stock worth $4,083,000 after buying an additional 7,600 shares in the last quarter. Institutional investors and hedge funds own 79.87% of the company’s stock.
Ducommun Incorporated (DCO) opened at 29.47 on Tuesday. The firm has a 50-day moving average of $30.69 and a 200 day moving average of $30.56. The firm has a market capitalization of $333.57 million, a PE ratio of 24.52 and a beta of 0.90. Ducommun Incorporated has a 12 month low of $18.70 and a 12 month high of $35.58.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. The firm had revenue of $140.90 million during the quarter, compared to analyst estimates of $138.39 million. Ducommun had a net margin of 2.50% and a return on equity of 7.49%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. Equities research analysts forecast that Ducommun Incorporated will post $1.31 earnings per share for the current year.
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A number of equities analysts recently issued reports on DCO shares. BidaskClub cut shares of Ducommun from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Noble Financial reiterated a “hold” rating on shares of Ducommun in a research report on Saturday, May 6th. Zacks Investment Research cut shares of Ducommun from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Canaccord Genuity reiterated a “buy” rating and set a $35.00 price objective on shares of Ducommun in a research report on Thursday, June 22nd. Finally, B. Riley upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $36.25.
In related news, Director Robert C. Ducommun sold 900 shares of Ducommun stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $33.01, for a total value of $29,709.00. Following the transaction, the director now directly owns 421,600 shares of the company’s stock, valued at $13,917,016. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stephen G. Oswald bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The stock was purchased at an average cost of $28.56 per share, for a total transaction of $285,600.00. Following the completion of the purchase, the chief executive officer now owns 55,700 shares of the company’s stock, valued at $1,590,792. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 9,000 shares of company stock valued at $289,784. Company insiders own 8.20% of the company’s stock.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure 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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