Insider Selling: Ducommun (NYSE:DCO) CEO Sells 2,500 Shares of Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the sale, the chief executive officer directly owned 383,864 shares in the company, valued at approximately $78,289,062.80. This represents a 0.65% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Ducommun Stock Down 2.1%

Shares of DCO traded down $4.29 during trading hours on Wednesday, hitting $199.99. The stock had a trading volume of 172,459 shares, compared to its average volume of 222,819. The firm has a market capitalization of $3.02 billion, a P/E ratio of -106.94 and a beta of 1.04. The firm has a 50 day simple moving average of $178.63 and a 200-day simple moving average of $149.55. Ducommun Incorporated has a 1-year low of $84.76 and a 1-year high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.88 EPS. Sell-side analysts predict that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Ducommun

Several large investors have recently modified their holdings of DCO. Parvin Asset Management LLC grew its stake in shares of Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock valued at $163,000 after buying an additional 110 shares during the period. Envestnet Asset Management Inc. boosted its stake in Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 117 shares during the period. Allworth Financial LP acquired a new stake in shares of Ducommun during the second quarter worth $26,000. Ameriprise Financial Inc. raised its position in Ducommun by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 153 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Ducommun by 3.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after buying an additional 155 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Ducommun in a research report on Monday, August 10th. Weiss Ratings downgraded shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Finally, Royal Bank Of Canada boosted their price objective on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $192.60.

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.