Morgan Stanley Sells 1,738 Shares of Ducommun Incorporated (DCO)
Morgan Stanley lowered its stake in shares of Ducommun Incorporated (NYSE:DCO) by 2.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,003 shares of the aerospace company’s stock after selling 1,738 shares during the period. Morgan Stanley owned about 0.69% of Ducommun worth $2,217,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in shares of Ducommun by 15.5% in the first quarter. Envestnet Asset Management Inc. now owns 3,627 shares of the aerospace company’s stock valued at $104,000 after buying an additional 488 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in shares of Ducommun during the first quarter valued at about $177,000. American International Group Inc. raised its stake in shares of Ducommun by 7.1% in the first quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock valued at $184,000 after buying an additional 422 shares during the period. Nine Chapters Capital Management LLC acquired a new stake in shares of Ducommun during the first quarter valued at about $380,000. Finally, UBS Group AG raised its stake in shares of Ducommun by 321.7% in the first quarter. UBS Group AG now owns 13,760 shares of the aerospace company’s stock valued at $396,000 after buying an additional 10,497 shares during the period. Institutional investors own 79.87% of the company’s stock.
Ducommun Incorporated (NYSE:DCO) traded up 0.08% during trading on Friday, hitting $26.26. 49,571 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $29.92 and its 200 day moving average price is $30.43. Ducommun Incorporated has a 12-month low of $18.70 and a 12-month high of $35.58. The firm has a market cap of $297.24 million, a price-to-earnings ratio of 21.85 and a beta of 0.90.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.03. Ducommun had a return on equity of 7.49% and a net margin of 2.50%. The firm had revenue of $140.90 million for the quarter, compared to analyst estimates of $138.39 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. Ducommun’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts forecast that Ducommun Incorporated will post $1.26 earnings per share for the current fiscal year.
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A number of equities analysts have weighed in on the stock. B. Riley reiterated a “neutral” rating and issued a $32.50 price target on shares of Ducommun in a research report on Tuesday, May 2nd. Noble Financial reiterated a “hold” rating on shares of Ducommun in a research report on Saturday, May 20th. Zacks Investment Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Friday, August 4th. Finally, Canaccord Genuity upped their price target on shares of Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $36.25.
In other Ducommun news, CEO Stephen G. Oswald acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 29th. The shares were purchased at an average price of $28.56 per share, with a total value of $285,600.00. Following the completion of the acquisition, the chief executive officer now directly owns 55,700 shares of the company’s stock, valued at approximately $1,590,792. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Christopher D. Wampler sold 1,500 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $32.01, for a total value of $48,015.00. Following the transaction, the vice president now directly owns 9,514 shares in the company, valued at approximately $304,543.14. The disclosure for this sale can be found here. Insiders have sold 12,300 shares of company stock worth $380,831 in the last ninety days. 8.20% of the stock is currently owned by corporate insiders.
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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