Gabelli Funds LLC Has $3.19 Million Holdings in Ducommun Incorporated (NYSE:DCO)

Gabelli Funds LLC lifted its stake in Ducommun Incorporated (NYSE:DCO) by 2.1% during the 1st quarter, HoldingsChannel reports. The fund owned 62,255 shares of the aerospace company’s stock after buying an additional 1,275 shares during the period. Gabelli Funds LLC’s holdings in Ducommun were worth $3,194,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GW&K Investment Management LLC bought a new stake in shares of Ducommun during the fourth quarter valued at approximately $13,699,000. Vanguard Group Inc. boosted its stake in Ducommun by 8.1% during the third quarter. Vanguard Group Inc. now owns 723,575 shares of the aerospace company’s stock worth $31,483,000 after buying an additional 54,228 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Ducommun in the 4th quarter valued at $953,000. Dimensional Fund Advisors LP raised its stake in shares of Ducommun by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock valued at $52,916,000 after buying an additional 17,897 shares in the last quarter. Finally, First Eagle Investment Management LLC lifted its holdings in shares of Ducommun by 7.6% during the 1st quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock worth $11,259,000 after acquiring an additional 15,494 shares during the period. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. The Goldman Sachs Group boosted their price target on Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and an average price target of $65.25.

Ducommun Trading Up 2.1 %

NYSE DCO traded up $1.32 on Friday, reaching $64.19. The company had a trading volume of 36,758 shares, compared to its average volume of 48,745. Ducommun Incorporated has a 52 week low of $42.31 and a 52 week high of $64.35. The stock’s 50 day moving average is $58.79 and its 200-day moving average is $53.97. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39. The stock has a market cap of $944.88 million, a price-to-earnings ratio of 53.94 and a beta of 1.38.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. The company had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $189.20 million. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Equities analysts predict that Ducommun Incorporated will post 2.73 earnings per share for the current year.

Insider Activity at Ducommun

In other news, CEO Stephen G. Oswald sold 2,000 shares of the company’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $58.23, for a total transaction of $116,460.00. Following the completion of the transaction, the chief executive officer now directly owns 347,539 shares of the company’s stock, valued at $20,237,195.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.80% of the stock is currently 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.