Kennedy Capital Management LLC Increases Stock Position in Ducommun Incorporated $DCO

Kennedy Capital Management LLC lifted its position in shares of Ducommun Incorporated (NYSE:DCO) by 18.4% during the third quarter, Holdings Channel reports. The firm owned 287,298 shares of the aerospace company’s stock after acquiring an additional 44,564 shares during the period. Ducommun makes up 0.6% of Kennedy Capital Management LLC’s holdings, making the stock its 19th largest holding. Kennedy Capital Management LLC’s holdings in Ducommun were worth $27,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in Ducommun by 14.5% in the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock valued at $4,844,000 after buying an additional 10,574 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after acquiring an additional 319 shares in the last quarter. Envestnet Asset Management Inc. bought a new position in shares of Ducommun in the second quarter valued at approximately $258,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in Ducommun by 42.5% during the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,243 shares of the aerospace company’s stock worth $4,482,000 after acquiring an additional 16,188 shares during the period. Finally, ProShare Advisors LLC purchased a new position in Ducommun in the second quarter worth $234,000. 92.15% of the stock is owned by institutional investors.

Ducommun Price Performance

DCO traded up $0.86 during trading on Friday, reaching $126.54. 35,728 shares of the company were exchanged, compared to its average volume of 163,826. Ducommun Incorporated has a 12-month low of $51.76 and a 12-month high of $140.02. The company’s 50-day moving average is $118.60 and its two-hundred day moving average is $101.94. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -54.65 and a beta of 1.03.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. During the same period in the prior year, the business posted $0.75 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. Research analysts forecast that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction that occurred on 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 sale, the director owned 20,100 shares of the company’s stock, valued at approximately $2,629,683. This represents a 34.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DCO shares. Truist Financial raised their target price on Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Royal Bank Of Canada boosted their target price on shares of Ducommun from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $140.25.

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.