Ducommun Incorporated $DCO Shares Sold by First Eagle Investment Management LLC

First Eagle Investment Management LLC lowered its holdings in Ducommun Incorporated (NYSE:DCO) by 16.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 183,024 shares of the aerospace company’s stock after selling 34,864 shares during the quarter. First Eagle Investment Management LLC’s holdings in Ducommun were worth $17,594,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its position in shares of Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock valued at $25,034,000 after buying an additional 288,496 shares during the last quarter. Ophir Asset Management Pty Ltd purchased a new stake in Ducommun in the 2nd quarter valued at $22,151,000. Brown Advisory Inc. acquired a new position in Ducommun in the second quarter valued at $17,025,000. Aberdeen Group plc acquired a new stake in shares of Ducommun in the 3rd quarter worth $19,035,000. Finally, Thornburg Investment Management Inc. acquired a new position in shares of Ducommun during the third quarter worth about $12,953,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares of the company’s stock, valued at $6,060,879.34. The trade was a 2.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 8.90% of the company’s stock.

Ducommun Trading Up 5.2%

NYSE:DCO opened at $130.00 on Tuesday. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of -56.27 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $132.00. The business has a fifty day moving average of $113.01 and a 200-day moving average of $99.78.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The firm had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. During the same period last year, the firm posted $0.75 earnings per share. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DCO. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. The Goldman Sachs Group raised their price target on shares of Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Finally, Royal Bank Of Canada upped their target price on shares of Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $138.25.

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.