Arizona State Retirement System Takes Position in Ducommun Incorporated (NYSE:DCO)

Arizona State Retirement System acquired a new position in Ducommun Incorporated (NYSE:DCO) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,484 shares of the aerospace company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ducommun in the 4th quarter valued at approximately $953,000. BNP Paribas Financial Markets raised its holdings in Ducommun by 535.3% in the fourth quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock worth $867,000 after purchasing an additional 14,025 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Ducommun by 7.6% during the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock worth $11,259,000 after purchasing an additional 15,494 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Ducommun by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock valued at $52,916,000 after buying an additional 17,897 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of Ducommun by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company’s stock valued at $3,567,000 after buying an additional 500 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on DCO. Truist Financial restated a “buy” rating and issued a $72.00 price target (up from $65.00) on shares of Ducommun in a report on Friday, August 9th. The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and raised their target price for the stock from $64.00 to $80.00 in a report on Tuesday, August 13th. Finally, StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $71.00.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the sale, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Ducommun news, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $4,097,629.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred 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 sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at $3,873,599.94. The disclosure for this sale can be found here. Insiders have sold 6,070 shares of company stock valued at $366,171 in the last ninety days. 8.80% of the stock is currently owned by insiders.

Ducommun Price Performance

Shares of DCO opened at $64.84 on Thursday. The company’s 50-day moving average is $62.87 and its 200-day moving average is $57.65. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97. The firm has a market capitalization of $954.19 million, a PE ratio of 54.49 and a beta of 1.38. Ducommun Incorporated has a fifty-two week low of $42.31 and a fifty-two week high of $66.13.

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 net margin of 2.95% and a return on equity of 6.79%. The business had revenue of $197.00 million for the quarter, compared to analyst estimates of $194.57 million. During the same period last year, the firm earned $0.54 earnings per share. Ducommun’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts forecast that Ducommun Incorporated will post 2.93 EPS for the current year.

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.