RDST Capital LLC Raises Holdings in Ducommun Incorporated (NYSE:DCO)

RDST Capital LLC grew its holdings in shares of Ducommun Incorporated (NYSE:DCO) by 16.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 540,290 shares of the aerospace company’s stock after acquiring an additional 77,595 shares during the period. Ducommun accounts for approximately 8.3% of RDST Capital LLC’s investment portfolio, making the stock its 6th biggest holding. RDST Capital LLC owned approximately 3.67% of Ducommun worth $31,369,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Ducommun by 5.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 188,363 shares of the aerospace company’s stock valued at $9,806,000 after acquiring an additional 10,090 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of Ducommun by 1.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock worth $52,916,000 after purchasing an additional 17,897 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Ducommun by 17.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 11,133 shares of the aerospace company’s stock valued at $580,000 after buying an additional 1,675 shares during the period. Finally, Trexquant Investment LP acquired a new stake in shares of Ducommun in the 4th quarter valued at about $476,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Ducommun Stock Up 0.2 %

DCO stock opened at $65.33 on Tuesday. The firm has a market capitalization of $961.32 million, a PE ratio of 54.89 and a beta of 1.38. 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 Incorporated has a twelve month low of $42.31 and a twelve month high of $66.77. The stock’s 50 day moving average is $63.23 and its 200-day moving average is $58.07.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.20. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The business had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. During the same period last year, the business earned $0.54 EPS. The business’s revenue was up 5.2% on a year-over-year basis. Sell-side analysts expect that Ducommun Incorporated will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DCO has been the topic of several recent research reports. Truist Financial reiterated a “buy” rating and issued a $72.00 price target (up previously from $65.00) on shares of Ducommun in a report on Friday, August 9th. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 17th. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $71.00.

Insider Buying and Selling

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the transaction, the chief executive officer now owns 341,151 shares in the company, valued at approximately $22,625,134.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Jerry L. Redondo sold 770 shares of the firm’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 $4,097,629.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,270 shares of company stock worth $329,295. 8.80% of the stock is owned by insiders.

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.