Emerald Advisers Inc. PA boosted its stake in Ducommun Inc. (NYSE:DCO) by 16.3% during the second quarter, Holdings Channel reports. The institutional investor owned 33,159 shares of the company’s stock after buying an additional 4,646 shares during the period. Emerald Advisers Inc. PA’s holdings in Ducommun were worth $656,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in DCO. Emerald Mutual Fund Advisers Trust boosted its stake 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 in the last quarter. Strs Ohio boosted its stake 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 in the last quarter. First Manhattan Co. bought a new stake in Ducommun during the second quarter valued at about $113,000. Royal Bank of Canada boosted its stake in Ducommun by 5.5% in the first quarter. Royal Bank of Canada now owns 1,050,809 shares of the company’s stock valued at $16,025,000 after buying an additional 54,883 shares in the last quarter. Finally, State Street Corp boosted its stake in Ducommun by 16.4% in the first quarter. State Street Corp now owns 179,176 shares of the company’s stock valued at $2,734,000 after buying an additional 25,243 shares in the last quarter. 79.41% of the stock is currently owned by institutional investors.
Ducommun Inc. (NYSE:DCO) traded up 1.830% on Wednesday, reaching $21.425. 62,752 shares of the company traded hands. The stock’s market capitalization is $239.23 million. The firm has a 50 day moving average price of $22.46 and a 200 day moving average price of $19.26. Ducommun Inc. has a 52-week low of $12.28 and a 52-week high of $24.86.
Ducommun (NYSE:DCO) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The firm had revenue of $133.40 million for the quarter, compared to the consensus estimate of $141.54 million. Ducommun had a positive return on equity of 3.45% and a negative net margin of 9.38%. The business’s revenue for the quarter was down 23.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 EPS. Equities research analysts predict that Ducommun Inc. will post $1.43 EPS for the current year.
Several research firms recently issued reports on DCO. B. Riley reissued a “buy” rating and issued a $26.75 target price on shares of Ducommun in a research report on Monday, August 1st. FBR & Co reissued a “buy” rating on shares of Ducommun in a research report 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 report 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 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 assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $23.63.
In other Ducommun news, VP Rose F. Rogers sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $24.29, for a total transaction of $121,450.00. Following the sale, the vice president now owns 32,816 shares in the company, valued at approximately $797,100.64. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 9.10% of the company’s stock.
Ducommun Company Profile
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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