Ducommun (NYSE:DCO) VP Sells $89,522.11 in Stock

Ducommun Incorporated (NYSE:DCO) VP Laureen Gonzalez sold 589 shares of the stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the sale, the vice president owned 11,172 shares in the company, valued at $1,698,032.28. This represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ducommun Trading Down 0.2%

Shares of NYSE:DCO traded down $0.32 during mid-day trading on Friday, reaching $151.93. The stock had a trading volume of 270,804 shares, compared to its average volume of 190,418. The firm has a market cap of $2.29 billion, a PE ratio of -64.37 and a beta of 1.06. The firm has a 50 day simple moving average of $137.31 and a two-hundred day simple moving average of $118.21. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. Ducommun Incorporated has a twelve month low of $68.76 and a twelve month high of $156.32.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $209.02 million for the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. Ducommun’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.83 EPS. On average, research analysts predict that Ducommun Incorporated will post 4.07 EPS for the current fiscal year.

Hedge Funds Weigh In On Ducommun

Several hedge funds have recently made changes to their positions in DCO. Principal Financial Group Inc. bought a new position in shares of Ducommun in the third quarter valued at $1,163,000. Thornburg Investment Management Inc. bought a new position in shares of Ducommun in the third quarter valued at $12,953,000. Aberdeen Group plc grew its stake in shares of Ducommun by 7.2% in the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock valued at $20,780,000 after buying an additional 14,721 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Ducommun by 248.9% in the fourth quarter. SG Americas Securities LLC now owns 30,799 shares of the aerospace company’s stock valued at $2,930,000 after buying an additional 21,972 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Ducommun by 63.7% in the third quarter. Advisors Asset Management Inc. now owns 31,741 shares of the aerospace company’s stock valued at $3,051,000 after buying an additional 12,353 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on DCO shares. B. Riley Financial raised their target price on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Citigroup raised their target price on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group raised their target price on shares of Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Royal Bank Of Canada raised their target price on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, Truist Financial raised their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a report on Tuesday. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.00.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.