Numeric Investors LLC bought a new position in shares of Ducommun Incorporated (NYSE:DCO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,246 shares of the company’s stock, valued at approximately $441,000. Numeric Investors LLC owned approximately 0.15% of Ducommun at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. State Street Corp raised its stake in Ducommun by 2.5% in the fourth quarter. State Street Corp now owns 182,289 shares of the company’s stock valued at $4,659,000 after buying an additional 4,489 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in Ducommun during the fourth quarter valued at approximately $2,652,000. Cornercap Investment Counsel Inc. bought a new stake in Ducommun during the fourth quarter valued at approximately $671,000. Zacks Investment Management bought a new stake in Ducommun during the third quarter valued at approximately $405,000. Finally, Paradigm Capital Management Inc. NY raised its stake in Ducommun by 0.8% in the third quarter. Paradigm Capital Management Inc. NY now owns 825,352 shares of the company’s stock valued at $18,851,000 after buying an additional 6,800 shares in the last quarter. Hedge funds and other institutional investors own 79.96% of the company’s stock.
Ducommun Incorporated (NYSE:DCO) opened at 28.89 on Monday. The stock’s 50 day moving average price is $30.17 and its 200-day moving average price is $25.93. The stock has a market cap of $323.42 million, a price-to-earnings ratio of 12.90 and a beta of 1.09. Ducommun Incorporated has a 12 month low of $14.13 and a 12 month high of $33.65.
Ducommun (NYSE:DCO) last released its quarterly earnings results on Monday, March 6th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.45 by $0.00. The company had revenue of $142.49 million for the quarter, compared to analyst estimates of $140.12 million. Ducommun had a positive return on equity of 7.00% and a negative net margin of 7.29%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($5.74) earnings per share. Equities research analysts predict that Ducommun Incorporated will post $1.46 EPS for the current year.
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Several research firms have commented on DCO. B. Riley restated a “neutral” rating and issued a $32.50 price objective on shares of Ducommun in a research report on Saturday, March 11th. TheStreet upgraded Ducommun from a “sell” rating to a “hold” rating in a research report on Wednesday, November 30th. FBR & Co upped their price objective on Ducommun from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 7th. Canaccord Genuity restated a “buy” rating and issued a $28.00 price objective on shares of Ducommun in a research report on Thursday, January 5th. Finally, Zacks Investment Research lowered Ducommun from a “hold” rating to a “sell” rating in a research report on Wednesday, March 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $29.30.
Ducommun Company Profile
Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.
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