2 weeks Ago By Defense World Staff
American Century Companies Inc. lifted its holdings in shares of Ducommun Incorporated ( NYSE:DCO – Free Report ) by 10.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 22,020 shares of the aerospace company’s stock after purchasing an additional 2,079 shares during the period. American Century Companies Inc. owned about 0.
15% of Ducommun worth $1,278,000 as of its most recent SEC filing. Several other institutional investors have also recently modified their holdings of the stock. Bragg Financial Advisors Inc raised its position in shares of Ducommun by 0.
3% in the fourth quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock valued at $5,216,000 after buying an additional 260 shares during the last quarter. Mitsubishi UFJ Asset Management Co.
Ltd. raised its holdings in Ducommun by 2.3% in the 1st quarter.
Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock valued at $1,274,000 after acquiring an additional 553 shares during the last quarter.
Russell Investments Group Ltd. lifted its stake in shares of Ducommun by 8.0% during the 1st quarter.
Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 584 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Ducommun by 9.
0% during the first quarter. Janney Montgomery Scott LLC now owns 12,132 shares of the aerospace company’s stock worth $622,000 after purchasing an additional 999 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Ducommun by 4.
7% in the second quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 1,067 shares during the period. 92.
15% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analysts Forecast Growth Several equities analysts recently weighed in on the company. StockNews.
com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Truist Financial reiterated a “buy” rating and set a $72.00 price objective (up from $65.
00) on shares of Ducommun in a report on Friday, August 9th. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their target price for the company from $64.00 to $80.
00 in a report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Ducommun presently has a consensus rating of “Buy” and an average target price of $71.
00. Insider Transactions at Ducommun In related news, VP Jerry L. Redondo sold 3,300 shares of Ducommun stock in a transaction on Monday, August 12th.
The shares were sold at an average price of $60.69, for a total transaction of $200,277.00.
Following the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $3,873,599.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink .
In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.
20, for a total value of $49,434.00. Following the completion of the sale, the vice president now owns 63,826 shares of the company’s stock, valued at $4,097,629.
20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, VP Jerry L.
Redondo sold 3,300 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $60.69, for a total transaction of $200,277.
00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at $3,873,599.94.
The disclosure for this sale can be found here . Insiders sold 5,270 shares of company stock valued at $329,295 over the last 90 days. Corporate insiders own 8.
80% of the company’s stock. Ducommun Price Performance DCO stock opened at $65.80 on Tuesday.
The company has a market cap of $968.31 million, a PE ratio of 54.67 and a beta of 1.
38. The company has a current ratio of 3.06, a quick ratio of 1.
97 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $63.
49 and a two-hundred day moving average price of $58.47. Ducommun Incorporated has a 12-month low of $42.
72 and a 12-month high of $66.77. Ducommun ( NYSE:DCO – Get Free Report ) last issued its earnings results on Thursday, August 8th.
The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.
20. Ducommun had a return on equity of 6.79% and a net margin of 2.
95%. The business had revenue of $197.00 million during the quarter, compared to analysts’ expectations of $194.
57 million. During the same quarter in the previous year, the business earned $0.54 EPS.
The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, research analysts predict that Ducommun Incorporated will post 2.
93 EPS for the current year. Ducommun Profile ( Free Report ) Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems.
The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies. Read More Five stocks we like better than Ducommun How to Invest in Tech Stocks and Top Tech Stocks to Consider TJX Stock: A Buying Opportunity Before the Holiday Rush Unveiling The Power Of VWAP: A Key Indicator For Traders Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge Best Stocks Under $10.00 Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Ducommun Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ducommun and related companies with MarketBeat.
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