Ducommun Incorporated (NYSE:DCO) Stock Position Raised by Annex Advisory Services LLC

Annex Advisory Services LLC boosted its holdings in Ducommun Incorporated (NYSE:DCO) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,012 shares of the aerospace company’s stock after acquiring an additional 2,340 shares during the quarter. Annex Advisory Services LLC owned 0.14% of Ducommun worth $1,220,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in Ducommun by 658.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 1,673 shares during the last quarter. EntryPoint Capital LLC raised its stake in shares of Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 1,914 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in Ducommun during the first quarter worth about $274,000. Hennion & Walsh Asset Management Inc. bought a new position in shares of Ducommun in the first quarter valued at about $295,000. Finally, Inspire Investing LLC acquired a new stake in Ducommun during the 1st quarter worth approximately $359,000. 92.15% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Ducommun

In other news, CEO Stephen G. Oswald sold 2,000 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $58.23, for a total value of $116,460.00. Following the completion of the transaction, the chief executive officer now directly owns 347,539 shares in the company, valued at $20,237,195.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of Ducommun from a “buy” rating to a “hold” rating in a report on Friday. Truist Financial reiterated a “buy” rating and issued a $72.00 price objective (up previously from $65.00) on shares of Ducommun in a research note on Friday. Finally, The Goldman Sachs Group boosted their price target on shares of Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Ducommun Stock Up 0.1 %

NYSE DCO traded up $0.05 on Friday, reaching $61.70. 62,903 shares of the stock traded hands, compared to its average volume of 84,977. The company has a market cap of $907.98 million, a price-to-earnings ratio of 51.85 and a beta of 1.38. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. Ducommun Incorporated has a 12 month low of $42.31 and a 12 month high of $65.89. The company has a fifty day moving average price of $59.48 and a 200-day moving average price of $54.79.

Ducommun (NYSE:DCO) last released its earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The business had revenue of $190.90 million during the quarter, compared to analyst estimates of $189.20 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. As a group, research analysts forecast that Ducommun Incorporated will post 2.73 EPS for the current fiscal year.

Ducommun Company Profile

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.