Virtus Advisers LLC Makes New $570,000 Investment in Ducommun Incorporated $DCO

Virtus Advisers LLC purchased a new stake in Ducommun Incorporated (NYSE:DCO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,075 shares of the aerospace company’s stock, valued at approximately $570,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of DCO. Vise Technologies Inc. bought a new stake in shares of Ducommun in the 2nd quarter valued at about $207,000. CM Wealth Advisors LLC acquired a new stake in Ducommun in the 2nd quarter valued at about $1,404,000. Danske Bank A S bought a new position in Ducommun during the second quarter worth about $464,000. Diversify Advisory Services LLC bought a new position in Ducommun during the second quarter worth about $1,744,000. Finally, BlackRock Inc. bought a new position in Ducommun during the second quarter worth about $359,395,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Performance

Shares of DCO stock opened at $188.31 on Friday. Ducommun Incorporated has a 52 week low of $84.76 and a 52 week high of $210.39. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of -100.70 and a beta of 1.04. The company has a 50-day simple moving average of $180.02 and a 200 day simple moving average of $150.70. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. On average, sell-side analysts predict that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on DCO. Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a research note on Monday, August 10th. Zacks Research raised Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Finally, Royal Bank Of Canada increased their price target on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.60.

Insider Activity at Ducommun

In other news, CEO Stephen G. Oswald sold 5,766 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares of the company’s stock, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Laureen S. Gonzalez sold 589 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the transaction, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 8,855 shares of company stock worth $1,759,228 in the last ninety days. 5.00% of the stock is owned by company insiders.

Ducommun Profile

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.