California State Teachers Retirement System lowered its position in Ducommun Inc. (NYSE:DCO) by 6.8% during the second quarter, Holdings Channel reports. The institutional investor owned 21,799 shares of the company’s stock after selling 1,596 shares during the period. California State Teachers Retirement System owned 0.20% of Ducommun worth $431,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. Strs Ohio increased its position in Ducommun by 8.3% in the second quarter. Strs Ohio now owns 26,000 shares of the company’s stock valued at $514,000 after buying an additional 2,000 shares during the period. Emerald Mutual Fund Advisers Trust increased its position in Ducommun by 24.9% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 15,841 shares of the company’s stock valued at $313,000 after buying an additional 3,159 shares during the period. Emerald Advisers Inc. PA increased its position in Ducommun by 16.3% in the second quarter. Emerald Advisers Inc. PA now owns 33,159 shares of the company’s stock valued at $656,000 after buying an additional 4,646 shares during the period. First Manhattan Co. purchased a new position in Ducommun during the second quarter valued at $113,000. Finally, ClariVest Asset Management LLC increased its position in Ducommun by 21.1% in the second quarter. ClariVest Asset Management LLC now owns 85,071 shares of the company’s stock valued at $1,683,000 after buying an additional 14,812 shares during the period. Institutional investors and hedge funds own 79.41% of the company’s stock.
Ducommun Inc. (NYSE:DCO) traded up 0.52% during midday trading on Wednesday, reaching $21.15. The company’s stock had a trading volume of 42,294 shares. The firm’s 50-day moving average price is $22.46 and its 200-day moving average price is $19.26. The stock’s market capitalization is $236.16 million. Ducommun Inc. has a 52 week low of $12.28 and a 52 week high of $24.86.
Ducommun (NYSE:DCO) last issued its earnings results on Thursday, August 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $141.54 million. During the same quarter last year, the company posted $0.16 earnings per share. Ducommun’s revenue was down 23.7% on a year-over-year basis. On average, analysts anticipate that Ducommun Inc. will post $1.43 earnings per share for the current year.
Several research firms have recently weighed in on DCO. B. Riley restated a “buy” rating and issued a $26.75 target price on shares of Ducommun in a research report on Monday, August 1st. FBR & Co reaffirmed a “buy” rating on shares of Ducommun in a report on Friday, August 5th. Zacks Investment Research raised Ducommun from a “hold” rating to a “strong-buy” rating and set a $24.00 price target for the company in a report on Monday, August 8th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $25.00 price target on shares of Ducommun in a report on Sunday, August 7th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ducommun presently has a consensus rating of “Buy” and a consensus target price of $23.63.
In other Ducommun news, VP Rose F. Rogers sold 5,000 shares of the firm’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 value of $121,450.00. Following the sale, the vice president now owns 32,816 shares in the company, valued at $797,100.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.10% of the stock is currently owned by company insiders.
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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