Hantz Financial Services Inc. Boosts Stake in Ducommun Incorporated $DCO

Hantz Financial Services Inc. lifted its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 42.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,976 shares of the aerospace company’s stock after buying an additional 5,610 shares during the period. Hantz Financial Services Inc.’s holdings in Ducommun were worth $1,824,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Cornerstone Planning Group LLC raised 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 buying an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake 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 worth $29,000 after acquiring an additional 297 shares during the period. Traub Capital Management LLC purchased a new position in shares of Ducommun during the second quarter valued at approximately $35,000. Financial Consulate Inc. purchased a new position in shares of Ducommun during the third quarter valued at approximately $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Ducommun during the third quarter valued at approximately $63,000. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on DCO shares. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Citigroup lifted their price objective on Ducommun from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, January 13th. B. Riley reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. The Goldman Sachs Group boosted their price target on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $113.00.

Ducommun Stock Performance

Shares of DCO opened at $119.26 on Friday. The business has a 50-day simple moving average of $102.22 and a two-hundred day simple moving average of $95.73. The company has a quick ratio of 1.46, a current ratio of 2.04 and a debt-to-equity ratio of 0.33. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $122.99. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -50.96 and a beta of 1.05.

Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The firm had revenue of $212.56 million for the quarter, compared to analysts’ expectations of $211.41 million. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.67 EPS. On average, analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the transaction, the vice president directly owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.90% of the stock is owned by corporate insiders.

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.