Wellington Management Group LLP Sells 111,769 Shares of Ducommun Incorporated (NYSE:DCO)

Wellington Management Group LLP decreased its holdings in Ducommun Incorporated (NYSE:DCO) by 35.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 207,688 shares of the aerospace company’s stock after selling 111,769 shares during the period. Wellington Management Group LLP owned about 1.42% of Ducommun worth $10,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of DCO. BNP Paribas Financial Markets boosted its position in 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 purchasing an additional 14,025 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ducommun in the 4th quarter worth $953,000. Charles Schwab Investment Management Inc. grew its stake in Ducommun by 106.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 178,273 shares of the aerospace company’s stock worth $7,757,000 after buying an additional 92,007 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Ducommun by 8.1% during the third quarter. Vanguard Group Inc. now owns 723,575 shares of the aerospace company’s stock valued at $31,483,000 after acquiring an additional 54,228 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its position in shares of Ducommun by 17.4% in the 3rd quarter. Kennedy Capital Management LLC now owns 172,281 shares of the aerospace company’s stock valued at $7,496,000 after purchasing an additional 25,500 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DCO. StockNews.com upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. The Goldman Sachs Group increased their price objective on Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, May 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

Insider Transactions at Ducommun

In related news, CEO Stephen G. Oswald sold 2,000 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $58.23, for a total value of $116,460.00. Following the completion of the transaction, the chief executive officer now directly owns 347,539 shares in the company, valued at approximately $20,237,195.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 8.80% of the company’s stock.

Ducommun Price Performance

NYSE:DCO opened at $57.39 on Friday. The firm’s fifty day moving average is $56.89 and its two-hundred day moving average is $52.79. The firm has a market cap of $844.78 million, a price-to-earnings ratio of 48.23 and a beta of 1.36. Ducommun Incorporated has a one year low of $42.31 and a one year high of $60.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99.

Ducommun (NYSE:DCO) last posted its earnings results on Wednesday, May 8th. The aerospace company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The firm had revenue of $190.90 million for the quarter, compared to analyst estimates of $189.20 million. During the same period last year, the company earned $0.63 earnings per share. Ducommun’s revenue for the quarter was up 5.4% compared to the same quarter last year. Research analysts expect that Ducommun Incorporated will post 2.77 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.