First Eagle Investment Management LLC Sells 34,864 Shares of Ducommun Incorporated $DCO

First Eagle Investment Management LLC reduced its position in Ducommun Incorporated (NYSE:DCO) by 16.0% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 183,024 shares of the aerospace company’s stock after selling 34,864 shares during the period. First Eagle Investment Management LLC owned about 1.23% of Ducommun worth $17,594,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Ducommun by 2.1% in the third quarter. Vanguard Group Inc. now owns 823,225 shares of the aerospace company’s stock worth $79,137,000 after purchasing an additional 16,985 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Ducommun by 6.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock worth $51,777,000 after purchasing an additional 38,333 shares during the period. Geode Capital Management LLC grew its holdings in Ducommun by 1.8% during the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock valued at $26,865,000 after purchasing an additional 5,725 shares during the period. Alliancebernstein L.P. boosted its position in shares of Ducommun by 1,993.3% in the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after purchasing an additional 288,496 shares during the period. Finally, Kennedy Capital Management LLC boosted its holdings in Ducommun by 25.9% in the 2nd quarter. Kennedy Capital Management LLC now owns 242,734 shares of the aerospace company’s stock worth $20,057,000 after buying an additional 49,996 shares during the period. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. 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. The Goldman Sachs Group lifted their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Citigroup lifted their price target on Ducommun from $125.00 to $143.00 and gave the stock a “buy” rating in a research report on Monday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Ducommun has an average rating of “Moderate Buy” and a consensus target price of $138.25.

Ducommun Stock Up 5.2%

Ducommun stock opened at $130.00 on Tuesday. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $132.00. 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 company has a market cap of $1.95 billion, a PE ratio of -56.27 and a beta of 1.03. The business’s 50-day simple moving average is $113.01 and its two-hundred day simple moving average is $99.78.

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

Insider Activity

In other news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. The trade was a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is owned by company insiders.

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.