Ducommun Incorporated (NYSE:DCO) Shares Acquired by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC increased its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 111.5% during the third quarter, HoldingsChannel.com reports. The fund owned 20,304 shares of the aerospace company’s stock after buying an additional 10,702 shares during the period. Oliver Luxxe Assets LLC’s holdings in Ducommun were worth $1,337,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. RDST Capital LLC increased its holdings in shares of Ducommun by 16.8% in the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after purchasing an additional 77,595 shares during the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Ducommun by 70.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after acquiring an additional 46,544 shares during the period. Gabelli Funds LLC boosted its position in shares of Ducommun by 26.8% during the 2nd quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company’s stock valued at $4,583,000 after acquiring an additional 16,674 shares during the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Ducommun by 7.6% in the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock valued at $11,259,000 after purchasing an additional 15,494 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in Ducommun during the second quarter worth about $774,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Price Performance

Ducommun stock opened at $64.89 on Tuesday. The company’s 50 day simple moving average is $63.99 and its 200-day simple moving average is $59.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.97 and a current ratio of 3.06. Ducommun Incorporated has a 1 year low of $45.75 and a 1 year high of $67.04. The company has a market capitalization of $954.92 million, a price-to-earnings ratio of 54.53 and a beta of 1.38.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 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 company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. As a group, equities research analysts expect that Ducommun Incorporated will post 2.93 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DCO. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Truist Financial reiterated a “buy” rating and issued a $72.00 price objective (up from $65.00) on shares of Ducommun in a research report on Friday, August 9th. Finally, StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Ducommun has a consensus rating of “Buy” and a consensus price target of $71.00.

Insider Activity at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $60.69, for a total transaction of $200,277.00. Following the sale, the vice president now directly owns 63,826 shares in the company, valued at $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at $3,873,599.94. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the sale, the chief executive officer now directly owns 341,151 shares in the company, valued at $22,625,134.32. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,270 shares of company stock worth $329,295 in the last three months. 8.80% of the stock is owned by company insiders.

About Ducommun

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.