Mackenzie Financial Corp grew its position in Ducommun Incorporated (NYSE:DCO) by 42.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,171 shares of the aerospace company’s stock after buying an additional 3,030 shares during the quarter. Mackenzie Financial Corp owned approximately 0.09% of Ducommun worth $289,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Ducommun by 3.7% during the second quarter. Vanguard Group Inc. now owns 457,773 shares of the aerospace company’s stock valued at $14,456,000 after purchasing an additional 16,204 shares during the last quarter. State Street Corp grew its stake in shares of Ducommun by 9.3% in the second quarter. State Street Corp now owns 191,241 shares of the aerospace company’s stock worth $6,039,000 after acquiring an additional 16,194 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Ducommun by 6.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,385 shares of the aerospace company’s stock worth $265,000 after acquiring an additional 502 shares during the last quarter. Nationwide Fund Advisors boosted its stake in Ducommun by 6.4% during the third quarter. Nationwide Fund Advisors now owns 34,991 shares of the aerospace company’s stock worth $1,121,000 after buying an additional 2,102 shares in the last quarter. Finally, First Trust Advisors LP acquired a new stake in Ducommun during the third quarter worth $261,000. Institutional investors own 82.48% of the company’s stock.
In related news, Director Anthony J. Reardon sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $30.83, for a total value of $616,600.00. Following the sale, the director now directly owns 42,052 shares of the company’s stock, valued at $1,296,463.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.20% of the company’s stock.
Shares of Ducommun stock traded down $0.58 on Friday, reaching $29.48. 41,014 shares of the company were exchanged, compared to its average volume of 57,983. Ducommun Incorporated has a one year low of $25.06 and a one year high of $35.58. The company has a quick ratio of 1.23, a current ratio of 2.75 and a debt-to-equity ratio of 0.92. The stock has a market cap of $336.70, a P/E ratio of 22.17 and a beta of 0.65.
Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, February 28th. The aerospace company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.75. The business had revenue of $142.26 million for the quarter, compared to analysts’ expectations of $145.23 million. Ducommun had a return on equity of 6.82% and a net margin of 3.60%. The firm’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.25 EPS. sell-side analysts expect that Ducommun Incorporated will post 1.65 EPS for the current year.
A number of research analysts have issued reports on DCO shares. Canaccord Genuity cut their price objective on Ducommun from $38.00 to $35.00 and set a “buy” rating for the company in a report on Thursday, March 1st. B. Riley cut their price target on Ducommun from $40.00 to $39.00 and set a “buy” rating for the company in a report on Thursday, March 1st. ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a report on Wednesday, March 28th. TheStreet lowered Ducommun from a “b-” rating to a “c” rating in a research report on Monday, December 11th. Finally, Noble Financial restated a “hold” rating on shares of Ducommun in a research report on Friday, March 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Ducommun presently has a consensus rating of “Hold” and a consensus target price of $36.25.
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Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure 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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