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Feb 16, 2024

Oppenheimer Asset Management Inc. Sells 4,022 Shares of Ducommun Incorporated (NYSE:DCO)

Oppenheimer Asset Management Inc. decreased its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent disclosure with the

Oppenheimer Asset Management Inc. decreased its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 41.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,744 shares of the aerospace company's stock after selling 4,022 shares during the period. Oppenheimer Asset Management Inc.'s holdings in Ducommun were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in DCO. Dimensional Fund Advisors LP raised its position in shares of Ducommun by 2.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 935,575 shares of the aerospace company's stock valued at $46,741,000 after purchasing an additional 20,535 shares during the period. BlackRock Inc. raised its position in shares of Ducommun by 3.6% in the first quarter. BlackRock Inc. now owns 839,094 shares of the aerospace company's stock valued at $43,960,000 after purchasing an additional 28,819 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Ducommun by 39.3% in the second quarter. Goldman Sachs Group Inc. now owns 675,475 shares of the aerospace company's stock valued at $29,072,000 after purchasing an additional 190,608 shares during the period. William Blair Investment Management LLC raised its position in shares of Ducommun by 0.7% in the fourth quarter. William Blair Investment Management LLC now owns 554,348 shares of the aerospace company's stock valued at $27,695,000 after purchasing an additional 3,994 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in shares of Ducommun by 6.0% in the first quarter. Gamco Investors INC. ET AL now owns 357,876 shares of the aerospace company's stock valued at $18,749,000 after purchasing an additional 20,200 shares during the period. Institutional investors own 85.89% of the company's stock.

A number of analysts recently weighed in on DCO shares. Citigroup started coverage on shares of Ducommun in a report on Thursday, July 6th. They set a "buy" rating and a $65.00 target price on the stock. Truist Financial decreased their target price on shares of Ducommun from $66.00 to $62.00 in a report on Friday, May 5th. Royal Bank of Canada decreased their target price on shares of Ducommun from $64.00 to $56.00 in a report on Wednesday, May 17th. B. Riley reissued a "buy" rating and issued a $72.00 price target on shares of Ducommun in a research note on Monday, July 31st. Finally, TheStreet cut shares of Ducommun from a "b-" rating to a "c" rating in a research note on Wednesday, May 24th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $61.40.

View Our Latest Stock Report on DCO

Shares of Ducommun stock opened at $44.79 on Wednesday. Ducommun Incorporated has a 52-week low of $38.89 and a 52-week high of $58.28. The stock has a market capitalization of $652.59 million, a price-to-earnings ratio of 23.21 and a beta of 1.35. The company has a fifty day moving average of $45.69 and a 200-day moving average of $48.50. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.94 and a current ratio of 3.16.

Ducommun (NYSE:DCO - Get Free Report) last announced its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.03. Ducommun had a net margin of 3.25% and a return on equity of 6.90%. The company had revenue of $187.32 million during the quarter, compared to analysts' expectations of $188.14 million. Equities research analysts expect that Ducommun Incorporated will post 2.4 EPS for the current year.

Ducommun Incorporated provides engineering and manufacturing products and services primarily to 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; higher-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, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.

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