MetLife Investment Advisors LLC decreased its stake in Ducommun Incorporated (NYSE:DCO) by 33.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,959 shares of the aerospace company’s stock after selling 2,959 shares during the quarter. MetLife Investment Advisors LLC owned approximately 0.05% of Ducommun worth $216,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in DCO. Dimensional Fund Advisors LP boosted its position in Ducommun by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 957,938 shares of the aerospace company’s stock worth $39,122,000 after acquiring an additional 5,805 shares during the last quarter. BlackRock Inc. boosted its position in Ducommun by 5.5% during the fourth quarter. BlackRock Inc. now owns 810,536 shares of the aerospace company’s stock worth $29,439,000 after acquiring an additional 42,348 shares during the last quarter. Renaissance Technologies LLC boosted its position in Ducommun by 3.3% during the third quarter. Renaissance Technologies LLC now owns 552,900 shares of the aerospace company’s stock worth $22,580,000 after acquiring an additional 17,600 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in Ducommun by 189.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 219,720 shares of the aerospace company’s stock worth $7,980,000 after acquiring an additional 143,700 shares during the last quarter. Finally, Teton Advisors Inc. boosted its position in Ducommun by 35.2% during the fourth quarter. Teton Advisors Inc. now owns 166,900 shares of the aerospace company’s stock worth $6,062,000 after acquiring an additional 43,415 shares during the last quarter. Institutional investors and hedge funds own 79.80% of the company’s stock.
NYSE:DCO opened at $39.83 on Friday. The company has a current ratio of 2.27, a quick ratio of 1.47 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $455.10 million, a price-to-earnings ratio of 25.05 and a beta of 1.09. Ducommun Incorporated has a 1-year low of $27.87 and a 1-year high of $47.28.
Ducommun (NYSE:DCO) last posted its earnings results on Thursday, February 28th. The aerospace company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.05). The firm had revenue of $164.18 million during the quarter, compared to analyst estimates of $157.88 million. Ducommun had a net margin of 1.44% and a return on equity of 7.36%. Equities analysts expect that Ducommun Incorporated will post 2.39 EPS for the current fiscal year.
DCO has been the topic of a number of recent research reports. TheStreet lowered shares of Ducommun from a “b-” rating to a “c” rating in a research report on Monday, January 7th. Noble Financial upgraded shares of Ducommun from a “market perform” rating to an “outperform” rating and set a $49.00 price target on the stock in a research report on Friday, March 1st. Finally, Zacks Investment Research lowered shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $47.00.
In other Ducommun news, Director Robert C. Ducommun sold 685 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $45.60, for a total value of $31,236.00. Following the transaction, the director now directly owns 405,315 shares in the company, valued at approximately $18,482,364. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.50% of the company’s stock.
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Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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