Inspire Investing LLC Has $354,000 Position in Ducommun Incorporated (NYSE:DCO)

Inspire Investing LLC lowered its stake in Ducommun Incorporated (NYSE:DCO) by 13.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,095 shares of the aerospace company’s stock after selling 909 shares during the period. Inspire Investing LLC’s holdings in Ducommun were worth $354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of DCO. Diamond Hill Capital Management Inc. increased its holdings in shares of Ducommun by 70.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock valued at $6,541,000 after purchasing an additional 46,544 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Ducommun by 1.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock valued at $52,916,000 after purchasing an additional 17,897 shares in the last quarter. First Eagle Investment Management LLC increased its holdings in shares of Ducommun by 7.6% in the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock valued at $11,259,000 after purchasing an additional 15,494 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Ducommun by 535.3% in the fourth quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock valued at $867,000 after acquiring an additional 14,025 shares during the last quarter. Finally, Easterly Investment Partners LLC bought a new position in Ducommun in the second quarter valued at approximately $656,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Trading Down 2.1 %

Shares of NYSE DCO opened at $65.17 on Friday. The company’s fifty day moving average is $63.13 and its 200-day moving average is $57.90. The stock has a market cap of $959.04 million, a price-to-earnings ratio of 54.76 and a beta of 1.38. Ducommun Incorporated has a twelve month low of $42.31 and a twelve month high of $66.77. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. Ducommun had a net margin of 2.95% and a return on equity of 6.79%. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. Equities research analysts predict that Ducommun Incorporated will post 2.93 EPS for the current year.

Insider Transactions at Ducommun

In related news, VP Jerry L. Redondo sold 3,300 shares of the business’s stock in a transaction 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 approximately $3,873,599.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the sale, 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 at this hyperlink. Also, VP Jerry L. Redondo sold 3,300 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $60.69, for a total transaction of $200,277.00. Following the completion of the sale, the vice president now directly owns 63,826 shares in the company, valued at $3,873,599.94. The disclosure for this sale can be found here. Insiders own 8.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Ducommun Company 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.