Dana Investment Advisors Inc. Reduces Stock Position in Ducommun Incorporated (NYSE:DCO)

Dana Investment Advisors Inc. lessened its stake in shares of Ducommun Incorporated (NYSE:DCO) by 2.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,620 shares of the aerospace company’s stock after selling 511 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.15% of Ducommun worth $961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. US Bancorp DE increased its position in Ducommun by 36.0% during the 1st quarter. US Bancorp DE now owns 1,496 shares of the aerospace company’s stock worth $90,000 after purchasing an additional 396 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Ducommun by 4.2% in the 1st quarter. Bank of New York Mellon Corp now owns 50,222 shares of the aerospace company’s stock worth $3,014,000 after buying an additional 2,031 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Ducommun by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 480,889 shares of the aerospace company’s stock worth $28,853,000 after buying an additional 2,201 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Ducommun by 23.6% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,924 shares of the aerospace company’s stock worth $651,000 after buying an additional 2,273 shares during the last quarter. Finally, HighTower Advisors LLC boosted its stake in Ducommun by 44.4% in the 2nd quarter. HighTower Advisors LLC now owns 7,940 shares of the aerospace company’s stock worth $433,000 after buying an additional 2,440 shares during the last quarter. Hedge funds and other institutional investors own 82.11% of the company’s stock.

NYSE DCO opened at $51.23 on Wednesday. The firm has a market capitalization of $610.66 million, a P/E ratio of 19.86 and a beta of 1.64. Ducommun Incorporated has a 1-year low of $30.76 and a 1-year high of $65.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.07 and a quick ratio of 1.99. The business’s 50-day simple moving average is $52.80 and its 200-day simple moving average is $55.43.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 12th. The aerospace company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.65 by $0.09. The firm had revenue of $160.19 million for the quarter, compared to analyst estimates of $159.52 million. Ducommun had a return on equity of 10.56% and a net margin of 5.00%. On average, equities research analysts expect that Ducommun Incorporated will post 2.87 EPS for the current fiscal year.

In related news, VP Rose F. Rogers sold 2,500 shares of the business’s stock in a transaction that occurred on Friday, September 10th. The stock was sold at an average price of $50.72, for a total transaction of $126,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 10.00% of the company’s stock.

Separately, Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $58.00 price objective on the stock in a research note on Tuesday.

Ducommun Company Profile

Ducommun, Inc engages in the provision of engineering and manufacturing services to the aerospace, defence, industrial, and medical industries. It operates through the Electronic Systems and Structural Systems business segment. The Electronic Systems segment offers electronic and electromechanical products used in worldwide technology-driven markets.

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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