Hennion & Walsh Asset Management Inc. Makes New $295,000 Investment in Ducommun Incorporated (NYSE:DCO)

Hennion & Walsh Asset Management Inc. bought a new position in shares of Ducommun Incorporated (NYSE:DCO) in the first quarter, HoldingsChannel.com reports. The firm bought 5,741 shares of the aerospace company’s stock, valued at approximately $295,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DCO. PNC Financial Services Group Inc. lifted its position in Ducommun by 658.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 1,673 shares during the last quarter. Advisors Asset Management Inc. raised its position in shares of Ducommun by 13.1% during the third quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company’s stock valued at $373,000 after buying an additional 995 shares during the last quarter. Trexquant Investment LP acquired a new position in shares of Ducommun during the fourth quarter valued at about $476,000. Janney Montgomery Scott LLC raised its position in shares of Ducommun by 17.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 11,133 shares of the aerospace company’s stock valued at $580,000 after buying an additional 1,675 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of Ducommun by 535.3% during the fourth quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock valued at $867,000 after buying an additional 14,025 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Stock Performance

NYSE DCO opened at $58.39 on Friday. The stock has a market cap of $859.50 million, a P/E ratio of 49.07 and a beta of 1.38. The company’s 50-day simple moving average is $57.36 and its 200 day simple moving average is $52.99. Ducommun Incorporated has a twelve month low of $42.31 and a twelve month high of $60.00. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. The business had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $189.20 million. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 earnings per share. As a group, research analysts forecast that Ducommun Incorporated will post 2.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DCO. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. The Goldman Sachs Group upped their price objective on shares of Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.20.

Insider Activity at Ducommun

In related news, CEO Stephen G. Oswald sold 2,000 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $58.23, for a total value of $116,460.00. Following the sale, the chief executive officer now owns 347,539 shares of the company’s stock, valued at $20,237,195.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 8.80% of the stock is currently owned by insiders.

Ducommun Profile

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.