First Eagle Investment Management LLC Sells 30,699 Shares of Ducommun Incorporated $DCO

First Eagle Investment Management LLC lessened its stake in Ducommun Incorporated (NYSE:DCO) by 12.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 217,888 shares of the aerospace company’s stock after selling 30,699 shares during the quarter. First Eagle Investment Management LLC owned approximately 1.46% of Ducommun worth $18,004,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Ducommun by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 767,398 shares of the aerospace company’s stock valued at $44,532,000 after acquiring an additional 18,436 shares during the last quarter. Gamco Investors INC. ET AL lifted its position in shares of Ducommun by 1.1% in the first quarter. Gamco Investors INC. ET AL now owns 588,278 shares of the aerospace company’s stock worth $34,138,000 after buying an additional 6,572 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Ducommun by 7.0% during the first quarter. Diamond Hill Capital Management Inc. now owns 173,248 shares of the aerospace company’s stock valued at $10,054,000 after buying an additional 11,263 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Ducommun by 2.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 146,133 shares of the aerospace company’s stock valued at $8,480,000 after buying an additional 3,561 shares in the last quarter. Finally, Bragg Financial Advisors Inc increased its stake in Ducommun by 17.7% in the 1st quarter. Bragg Financial Advisors Inc now owns 119,392 shares of the aerospace company’s stock worth $6,928,000 after acquiring an additional 17,972 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Down 3.0%

Shares of DCO opened at $89.10 on Friday. The company’s fifty day simple moving average is $93.52 and its 200-day simple moving average is $83.68. The company has a market cap of $1.33 billion, a P/E ratio of 33.88 and a beta of 1.38. The company has a current ratio of 3.24, a quick ratio of 2.17 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $101.47.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. During the same period in the prior year, the firm posted $0.67 EPS. The firm’s revenue was up 5.6% compared to the same quarter last year. As a group, analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on DCO. Zacks Research upgraded Ducommun to a “hold” rating in a research report on Monday, August 11th. Royal Bank Of Canada increased their price objective on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Citigroup reissued a “buy” rating and issued a $101.00 price objective (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Wall Street Zen upgraded shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Sunday, November 2nd. Finally, Truist Financial increased their price target on shares of Ducommun from $87.00 to $95.00 and gave the company a “buy” rating in a report on Friday, July 11th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.50.

About Ducommun

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.