Kennedy Capital Management LLC Sells 25,295 Shares of Ducommun Incorporated $DCO

Kennedy Capital Management LLC trimmed its position in shares of Ducommun Incorporated (NYSE:DCO) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 262,003 shares of the aerospace company’s stock after selling 25,295 shares during the period. Kennedy Capital Management LLC’s holdings in Ducommun were worth $24,924,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. bought a new position in Ducommun during the 3rd quarter valued at about $1,163,000. Thornburg Investment Management Inc. bought a new position in Ducommun during the 3rd quarter valued at about $12,953,000. Aberdeen Group plc grew its holdings in Ducommun by 7.2% during the 4th quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after purchasing an additional 14,721 shares during the last quarter. SG Americas Securities LLC grew its holdings in Ducommun by 248.9% during the 4th quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock valued at $2,930,000 after purchasing an additional 21,972 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after purchasing an additional 19,143 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Price Performance

Shares of DCO stock opened at $164.69 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The company has a market capitalization of $2.49 billion, a P/E ratio of -69.78 and a beta of 1.06. The company’s 50-day simple moving average is $144.02 and its two-hundred day simple moving average is $122.80. Ducommun Incorporated has a one year low of $76.02 and a one year high of $167.88.

Ducommun (NYSE:DCO) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $209.02 million for the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. As a group, equities analysts anticipate that Ducommun Incorporated will post 4.07 EPS for the current year.

Insiders Place Their Bets

In other Ducommun news, VP Laureen S. Gonzalez sold 589 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president directly owned 11,172 shares in the company, valued at $1,698,032.28. This represents a 5.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Rajiv A. Tata sold 1,612 shares of the company’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares in the company, valued at $4,809,795. This represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,883 shares of company stock worth $1,200,336 in the last three months. Corporate insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DCO. Royal Bank Of Canada upped their price target on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday. B. Riley Financial upped their price target on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Truist Financial upped their price target on shares of Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday, May 26th. Finally, Citigroup upped their price target on shares of Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.