Diamond Hill Capital Management LLC Investment Advisor Invests $22.81 Million in Ducommun Incorporated $DCO

Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Ducommun Incorporated (NYSE:DCO) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 123,157 shares of the aerospace company’s stock, valued at approximately $22,810,000.

A number of other hedge funds and other institutional investors have also modified their holdings of DCO. Vanguard Group Inc. boosted its position in Ducommun by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after buying an additional 19,143 shares during the last quarter. Meros Investment Management LP increased its stake in shares of Ducommun by 4.8% in the 4th quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company’s stock valued at $16,599,000 after buying an additional 7,945 shares during the period. Hsbc Holdings PLC raised its position in shares of Ducommun by 124.9% during the first quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company’s stock worth $1,569,000 after acquiring an additional 7,269 shares during the last quarter. Calamos Advisors LLC acquired a new position in shares of Ducommun during the first quarter valued at $960,000. Finally, B. Metzler seel. Sohn & Co. AG acquired a new position in shares of Ducommun during the fourth quarter valued at $1,786,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Insider Transactions at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 5,766 shares of Ducommun stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer directly owned 385,875 shares in the company, valued at approximately $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Laureen S. Gonzalez sold 589 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,967 shares of company stock valued at $1,483,093 over the last three months. 5.00% of the stock is currently owned by corporate insiders.

Ducommun Stock Down 0.2%

NYSE:DCO opened at $206.54 on Monday. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. Ducommun Incorporated has a 12-month low of $84.76 and a 12-month high of $210.39. The stock’s fifty day simple moving average is $176.57 and its 200-day simple moving average is $148.23. The firm has a market capitalization of $3.12 billion, a P/E ratio of -110.45 and a beta of 1.04.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $224.49 million during the quarter, compared to the consensus estimate of $214.32 million. During the same quarter in the prior year, the company posted $0.88 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Equities research analysts expect that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

DCO has been the topic of several recent research reports. Citigroup reiterated a “buy” rating on shares of Ducommun in a report on Wednesday. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings lowered shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.