Teton Advisors LLC Sells 12,500 Shares of Ducommun Incorporated $DCO

Teton Advisors LLC reduced its position in Ducommun Incorporated (NYSE:DCO) by 27.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,500 shares of the aerospace company’s stock after selling 12,500 shares during the period. Ducommun makes up 2.2% of Teton Advisors LLC’s investment portfolio, making the stock its 7th largest holding. Teton Advisors LLC’s holdings in Ducommun were worth $3,187,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DCO. Gabelli Funds LLC raised its holdings in Ducommun by 1.2% during the fourth quarter. Gabelli Funds LLC now owns 103,916 shares of the aerospace company’s stock worth $9,886,000 after buying an additional 1,192 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Ducommun during the fourth quarter valued at about $685,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Ducommun by 0.5% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,796 shares of the aerospace company’s stock worth $6,079,000 after acquiring an additional 336 shares in the last quarter. Strs Ohio raised its holdings in shares of Ducommun by 22.7% in the 4th quarter. Strs Ohio now owns 8,100 shares of the aerospace company’s stock worth $771,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Ducommun in the 4th quarter worth about $111,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Price Performance

Shares of NYSE DCO opened at $144.07 on Monday. The company has a market capitalization of $2.17 billion, a PE ratio of -61.05 and a beta of 1.06. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The stock’s 50 day moving average price is $134.13 and its 200-day moving average price is $114.77. Ducommun Incorporated has a twelve month low of $66.24 and a twelve month high of $156.32.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The company had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. During the same period last year, the business posted $0.83 earnings per share. Ducommun’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts anticipate that Ducommun Incorporated will post 4.16 EPS for the current year.

Insider Buying and Selling at Ducommun

In other news, VP Jerry L. Redondo sold 5,682 shares of Ducommun stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total transaction of $877,073.52. Following the sale, the vice president directly owned 62,034 shares in the company, valued at $9,575,568.24. The trade was a 8.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Richard A. Baldridge sold 10,440 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the transaction, the director directly owned 20,100 shares in the company, valued at $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on DCO shares. Truist Financial upgraded Ducommun to a “strong-buy” rating in a research note on Friday, May 1st. The Goldman Sachs Group raised their target price on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a report on Monday, April 20th. B. Riley Financial upped their price target on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank Of Canada increased their price target on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Citigroup dropped their price objective on Ducommun from $143.00 to $141.00 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $154.00.

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.