Commerce Bank Takes Position in Ducommun Incorporated $DCO

Commerce Bank purchased a new position in Ducommun Incorporated (NYSE:DCO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 5,260 shares of the aerospace company’s stock, valued at approximately $974,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP bought a new position in Ducommun during the 2nd quarter valued at approximately $26,000. Optiver Holding B.V. bought a new stake in Ducommun in the first quarter worth $27,000. EverSource Wealth Advisors LLC boosted its holdings in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. State of Wyoming purchased a new stake in shares of Ducommun in the first quarter worth $35,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ducommun in the first quarter worth $56,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Insider Activity

In other news, CEO Stephen G. Oswald sold 2,500 shares of Ducommun stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the sale, the chief executive officer directly owned 383,864 shares in the company, valued at $78,289,062.80. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.00% of the stock is currently owned by insiders.

Ducommun Trading Up 2.0%

Shares of NYSE:DCO opened at $184.90 on Thursday. The company has a market cap of $2.79 billion, a P/E ratio of -98.88 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. Ducommun Incorporated has a 1 year low of $84.76 and a 1 year high of $210.39. The stock’s fifty day moving average price is $181.71 and its 200-day moving average price is $152.59.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on DCO shares. Truist Financial lifted their price target on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a research report on Thursday, August 13th. Citigroup reissued a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Weiss Ratings cut shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ducommun has an average rating of “Moderate Buy” and an average target price of $192.60.

Ducommun Company 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.