Macquarie Group Ltd. acquired a new position in shares of Ducommun Incorporated (NYSE:DCO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 6,962 shares of the aerospace company’s stock, valued at approximately $223,000. Macquarie Group Ltd. owned about 0.06% of Ducommun as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of DCO. Vanguard Group Inc. boosted its holdings in shares of Ducommun by 7.0% during the first quarter. Vanguard Group Inc. now owns 441,569 shares of the aerospace company’s stock worth $12,712,000 after purchasing an additional 29,007 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Ducommun by 11.2% during the first quarter. Geode Capital Management LLC now owns 82,291 shares of the aerospace company’s stock worth $2,369,000 after purchasing an additional 8,289 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Ducommun during the second quarter worth $496,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Ducommun by 32.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 24,200 shares of the aerospace company’s stock worth $765,000 after purchasing an additional 5,900 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Ducommun by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 50,027 shares of the aerospace company’s stock worth $1,580,000 after purchasing an additional 882 shares during the last quarter. Institutional investors and hedge funds own 81.64% of the company’s stock.

Ducommun Incorporated (NYSE:DCO) opened at $27.02 on Wednesday. Ducommun Incorporated has a fifty-two week low of $24.23 and a fifty-two week high of $35.58. The firm has a market capitalization of $312.20, a price-to-earnings ratio of 20.12 and a beta of 0.81. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.46 and a quick ratio of 1.06.

Ducommun (NYSE:DCO) last issued its earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. Ducommun had a return on equity of 7.20% and a net margin of 2.40%. The firm had revenue of $138.70 million for the quarter, compared to analysts’ expectations of $143.72 million. During the same quarter last year, the firm earned $0.44 earnings per share. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. equities analysts forecast that Ducommun Incorporated will post 0.59 EPS for the current fiscal year.

In other Ducommun news, Director Anthony J. Reardon sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.04, for a total value of $781,200.00. Following the transaction, the director now directly owns 82,603 shares of the company’s stock, valued at $2,150,982.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anthony J. Reardon sold 4,198 shares of the firm’s stock in a transaction dated Friday, September 22nd. The shares were sold at an average price of $31.03, for a total value of $130,263.94. Following the completion of the transaction, the director now directly owns 92,555 shares in the company, valued at $2,871,981.65. The disclosure for this sale can be found here. Insiders sold 46,856 shares of company stock worth $1,290,804 over the last three months. 8.20% of the stock is currently owned by corporate insiders.

A number of research analysts recently weighed in on DCO shares. TheStreet cut Ducommun from a “b-” rating to a “c” rating in a report on Monday, December 11th. Sidoti upgraded Ducommun from a “neutral” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Monday, November 13th. ValuEngine cut Ducommun from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Noble Financial reiterated a “hold” rating on shares of Ducommun in a report on Friday, November 3rd. Finally, Zacks Investment Research cut Ducommun from a “hold” rating to a “sell” rating in a report on Thursday, November 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 presently has an average rating of “Hold” and a consensus price target of $36.80.

TRADEMARK VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another publication, it was stolen and reposted in violation of U.S. and international trademark and copyright legislation. The legal version of this report can be read at https://www.thecerbatgem.com/2017/12/20/macquarie-group-ltd-invests-223000-in-ducommun-incorporated-dco.html.

Ducommun Profile

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.

Want to see what other hedge funds are holding DCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ducommun Incorporated (NYSE:DCO).

Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.com's FREE daily email newsletter.