SG Americas Securities LLC Invests $213,000 in Ducommun Incorporated (NYSE:DCO)

SG Americas Securities LLC purchased a new position in Ducommun Incorporated (NYSE:DCO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,238 shares of the aerospace company’s stock, valued at approximately $213,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in shares of Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after purchasing an additional 1,673 shares in the last quarter. EntryPoint Capital LLC boosted its stake in Ducommun by 323.9% during the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after buying an additional 1,914 shares in the last quarter. Arizona State Retirement System bought a new position in Ducommun during the second quarter valued at about $202,000. State Board of Administration of Florida Retirement System bought a new position in Ducommun during the first quarter valued at about $274,000. Finally, Levin Capital Strategies L.P. bought a new position in Ducommun during the second quarter valued at about $305,000. Institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 2.0 %

Shares of NYSE:DCO opened at $62.22 on Wednesday. The firm has a 50 day simple moving average of $64.36 and a 200 day simple moving average of $60.23. Ducommun Incorporated has a 52 week low of $45.75 and a 52 week high of $67.04. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.97 and a current ratio of 3.06. The company has a market cap of $915.63 million, a PE ratio of 52.29 and a beta of 1.38.

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

Insider Buying and Selling at Ducommun

In other Ducommun 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 transaction of $200,277.00. Following the sale, the vice president now directly owns 63,826 shares of the company’s stock, valued at $3,873,599.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 transaction of $200,277.00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at $3,873,599.94. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 transaction of $49,434.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock valued at $329,295 in the last three months. 8.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and raised their target price for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, Truist Financial decreased their target price on Ducommun from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $70.75.

About Ducommun

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.