Algert Global LLC purchased a new position in shares of Ducommun Inc. (NYSE:DCO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 52,196 shares of the company’s stock, valued at approximately $1,192,000.
Other institutional investors also recently made changes to their positions in the company. Foundry Partners LLC raised its position in shares of Ducommun by 0.3% in the third quarter. Foundry Partners LLC now owns 226,445 shares of the company’s stock worth $5,172,000 after buying an additional 650 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Ducommun by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 304,870 shares of the company’s stock worth $6,030,000 after buying an additional 945 shares during the period. State Street Corp raised its position in shares of Ducommun by 0.6% in the second quarter. State Street Corp now owns 180,298 shares of the company’s stock worth $3,567,000 after buying an additional 1,122 shares during the period. BlackRock Investment Management LLC raised its position in shares of Ducommun by 3.0% in the second quarter. BlackRock Investment Management LLC now owns 44,679 shares of the company’s stock worth $884,000 after buying an additional 1,282 shares during the period. Finally, Strs Ohio raised its position in shares of Ducommun by 8.3% in the second quarter. Strs Ohio now owns 26,000 shares of the company’s stock worth $514,000 after buying an additional 2,000 shares during the period. Institutional investors own 79.41% of the company’s stock.
Shares of Ducommun Inc. (NYSE:DCO) opened at 21.37 on Friday. The company’s 50-day moving average is $22.32 and its 200 day moving average is $19.33. Ducommun Inc. has a 1-year low of $12.28 and a 1-year high of $24.86. The stock’s market cap is $238.62 million.
Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.34 EPS for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.06. Ducommun had a negative net margin of 9.38% and a positive return on equity of 3.45%. The firm had revenue of $133.40 million for the quarter, compared to the consensus estimate of $141.54 million. During the same period in the previous year, the firm posted $0.16 earnings per share. The firm’s revenue was down 23.7% on a year-over-year basis. Equities research analysts anticipate that Ducommun Inc. will post $1.43 EPS for the current year.
A number of equities analysts have weighed in on the stock. B. Riley reiterated a “buy” rating and issued a $26.75 price target on shares of Ducommun in a report on Monday, August 1st. FBR & Co reissued a “buy” rating on shares of Ducommun in a research note on Friday, August 5th. Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a research note on Monday, August 8th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $25.00 target price on shares of Ducommun in a research note on Sunday, August 7th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $23.63.
In related news, VP Rose F. Rogers sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $24.29, for a total transaction of $121,450.00. Following the transaction, the vice president now directly owns 32,816 shares of the company’s stock, valued at $797,100.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.10% of the company’s stock.
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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