Griffin Asset Management Inc. bought a new stake in shares of Ducommun Incorporated (NYSE:DCO) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,025 shares of the aerospace company’s stock, valued at approximately $450,000. Griffin Asset Management Inc. owned about 0.12% of Ducommun at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in DCO. Paradigm Capital Management Inc. NY raised its holdings in shares of Ducommun by 33.9% during the second quarter. Paradigm Capital Management Inc. NY now owns 604,695 shares of the aerospace company’s stock valued at $19,097,000 after acquiring an additional 153,095 shares during the last quarter. Foundry Partners LLC raised its holdings in shares of Ducommun by 60.1% during the third quarter. Foundry Partners LLC now owns 208,220 shares of the aerospace company’s stock valued at $6,673,000 after acquiring an additional 78,175 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Ducommun by 12.1% during the second quarter. Renaissance Technologies LLC now owns 597,500 shares of the aerospace company’s stock valued at $18,869,000 after acquiring an additional 64,400 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Ducommun by 4.2% during the second quarter. Royal Bank of Canada now owns 1,460,820 shares of the aerospace company’s stock valued at $46,133,000 after acquiring an additional 58,559 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Ducommun by 137.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 68,855 shares of the aerospace company’s stock valued at $2,174,000 after acquiring an additional 39,866 shares during the last quarter. 81.64% of the stock is owned by institutional investors and hedge funds.
Shares of Ducommun Incorporated (NYSE DCO) traded down $0.13 during trading on Wednesday, reaching $26.94. The company had a trading volume of 55,300 shares, compared to its average volume of 74,242. The stock has a market capitalization of $305.18, a price-to-earnings ratio of 19.76 and a beta of 0.81. Ducommun Incorporated has a 52 week low of $24.23 and a 52 week high of $35.58. The company has a quick ratio of 1.06, a current ratio of 2.46 and a debt-to-equity ratio of 0.99.
Ducommun (NYSE:DCO) last issued its quarterly earnings data on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.03. The company had revenue of $138.70 million during the quarter, compared to analyst estimates of $143.72 million. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. equities research analysts predict that Ducommun Incorporated will post 0.59 earnings per share for the current fiscal year.
In related news, Director Anthony J. Reardon sold 11,908 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $30.11, for a total value of $358,549.88. Following the completion of the transaction, the director now directly owns 103,546 shares in the company, valued at $3,117,770.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Stephen G. Oswald acquired 10,000 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was acquired at an average price of $27.39 per share, with a total value of $273,900.00. Following the completion of the transaction, the chief executive officer now directly owns 65,700 shares of the company’s stock, valued at approximately $1,799,523. The disclosure for this purchase can be found here. Insiders sold 56,728 shares of company stock valued at $1,577,191 over the last quarter. 8.20% of the stock is currently owned by company insiders.
A number of research firms have recently issued reports on DCO. TheStreet lowered Ducommun from a “b-” rating to a “c” rating in a research report on Monday. B. Riley set a $40.00 price target on Ducommun and gave the company a “buy” rating in a research report on Monday, October 30th. Sidoti lowered Ducommun from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 17th. Noble Financial restated a “hold” rating on shares of Ducommun in a research report on Friday, November 3rd. Finally, ValuEngine lowered Ducommun from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $36.80.
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Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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