Penn Capital Management Company LLC Has $15.75 Million Position in Ducommun Incorporated $DCO

Penn Capital Management Company LLC increased its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 591.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 84,906 shares of the aerospace company’s stock after purchasing an additional 72,630 shares during the period. Penn Capital Management Company LLC’s holdings in Ducommun were worth $15,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Parvin Asset Management LLC raised its holdings in Ducommun by 8.9% during the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after buying an additional 110 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after buying an additional 117 shares during the period. Allworth Financial LP acquired a new position in shares of Ducommun in the second quarter valued at approximately $26,000. Ameriprise Financial Inc. increased its position in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 153 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Ducommun by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 155 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DCO has been the topic of several research reports. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a report on Monday, August 10th. Royal Bank Of Canada lifted their price target on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a research note on Friday, August 7th. B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Ducommun presently has a consensus rating of “Moderate Buy” and an average price target of $192.60.

Ducommun Trading Down 4.6%

Shares of NYSE:DCO opened at $175.42 on Friday. The company’s 50-day moving average price is $182.33 and its two-hundred day moving average price is $153.18. Ducommun Incorporated has a one year low of $84.76 and a one year high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The stock has a market capitalization of $2.65 billion, a PE ratio of -93.81 and a beta of 1.04.

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

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 5,766 shares of the stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer directly owned 385,875 shares of the company’s stock, valued at approximately $77,618,756.25. This represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 5.00% of the company’s stock.

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.