CSM Advisors LLC Decreases Stock Position in Ducommun Incorporated $DCO

CSM Advisors LLC cut its position in Ducommun Incorporated (NYSE:DCO) by 14.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,679 shares of the aerospace company’s stock after selling 12,411 shares during the period. CSM Advisors LLC’s holdings in Ducommun were worth $6,987,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Cornerstone Planning Group LLC raised its stake in Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. Traub Capital Management LLC acquired a new stake in Ducommun during the 2nd quarter worth $35,000. Financial Consulate Inc. purchased a new stake in shares of Ducommun during the third quarter worth $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ducommun during the third quarter worth $63,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Truist Financial upped their price objective on shares of Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research note on Friday, February 27th. The Goldman Sachs Group increased their price objective on shares of Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Royal Bank Of Canada raised their target price on shares of Ducommun from $142.00 to $150.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $140.25.

Ducommun Stock Down 0.5%

NYSE DCO opened at $125.08 on Friday. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $140.02. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $119.17 and its 200-day simple moving average is $102.21. The firm has a market cap of $1.88 billion, a PE ratio of -54.15 and a beta of 1.03.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $217.42 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Ducommun’s quarterly revenue was up 9.4% on a year-over-year basis. As a group, equities analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Insider Buying and Selling

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total value of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares in the company, valued at $2,629,683. The trade was a 34.18% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.90% 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.