Ducommun Incorporated (NYSE:DCO) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. trimmed its holdings in Ducommun Incorporated (NYSE:DCO) by 2.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,620 shares of the aerospace company’s stock after selling 511 shares during the period. Dana Investment Advisors Inc. owned 0.15% of Ducommun worth $961,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. William Blair Investment Management LLC lifted its stake in shares of Ducommun by 6.8% in the 1st quarter. William Blair Investment Management LLC now owns 927,455 shares of the aerospace company’s stock valued at $55,647,000 after purchasing an additional 59,000 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Ducommun by 5.8% in the 1st quarter. BlackRock Inc. now owns 836,344 shares of the aerospace company’s stock valued at $50,180,000 after purchasing an additional 45,978 shares in the last quarter. Royal Bank of Canada lifted its stake in shares of Ducommun by 3.6% in the 1st quarter. Royal Bank of Canada now owns 749,607 shares of the aerospace company’s stock valued at $44,976,000 after purchasing an additional 25,706 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its stake in shares of Ducommun by 0.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 702,415 shares of the aerospace company’s stock valued at $38,324,000 after purchasing an additional 2,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Ducommun by 0.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 480,889 shares of the aerospace company’s stock valued at $28,853,000 after purchasing an additional 2,201 shares in the last quarter. 82.11% of the stock is currently owned by institutional investors and hedge funds.

In other Ducommun news, VP Rose F. Rogers sold 2,500 shares of Ducommun 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 filing with the SEC, which is available through this link. 10.00% of the stock is owned by insiders.

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

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. Ducommun had a return on equity of 10.56% and a net margin of 5.00%. The firm had revenue of $160.19 million for the quarter, compared to analyst estimates of $159.52 million. On average, analysts forecast that Ducommun Incorporated will post 2.87 earnings per share for the current fiscal year.

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 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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