Legal & General Group Plc Invests $3.35 Million in Ducommun Incorporated $DCO

Legal & General Group Plc bought a new stake in Ducommun Incorporated (NYSE:DCO) during the second quarter, Holdings Channel reports. The institutional investor bought 18,085 shares of the aerospace company’s stock, valued at approximately $3,350,000.

Several other hedge funds have also made changes to their positions in the business. AQR Capital Management LLC raised its stake in shares of Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after buying an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 buying an additional 319 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Ducommun by 618.8% during 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. First Trust Advisors LP grew its holdings in Ducommun by 10.0% during the second quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock worth $480,000 after acquiring an additional 528 shares during the period. Finally, Marshall Wace LLP raised its position in Ducommun by 7.9% in the second quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock worth $5,912,000 after acquiring an additional 5,212 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

DCO has been the subject of a number of research analyst reports. B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Weiss Ratings upgraded shares of Ducommun from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday. Truist Financial upped their price objective on shares of Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research note on Thursday, August 13th. Finally, Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $192.60.

Insider Activity

In other news, CEO Stephen Oswald sold 5,766 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $77,618,756.25. The trade was a 1.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.00% of the company’s stock.

Ducommun Trading Up 0.8%

NYSE DCO opened at $167.93 on Friday. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -89.80 and a beta of 1.04. The company’s fifty day moving average price is $182.32 and its two-hundred day moving average price is $154.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. Ducommun Incorporated has a 12 month low of $84.76 and a 12 month high of $210.39.

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

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.