Stephen Oswald Sells 5,766 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 5,766 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares in the company, valued at approximately $77,618,756.25. This trade represents a 1.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Ducommun Stock Up 3.8%

NYSE:DCO opened at $206.54 on Friday. The firm’s 50-day moving average price is $176.57 and its 200-day moving average price is $147.97. The company has a market capitalization of $3.12 billion, a PE ratio of -110.45 and a beta of 1.04. 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 Incorporated has a 1-year low of $84.76 and a 1-year high of $210.39.

Ducommun (NYSE:DCO) last issued its quarterly earnings results 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. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The company had revenue of $224.49 million during the quarter, compared to analysts’ expectations of $214.32 million. During the same period last year, the company posted $0.88 EPS. Ducommun’s revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Ducommun Incorporated will post 4.19 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on DCO. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Citigroup reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Royal Bank Of Canada boosted their target price on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a report on Friday, August 7th. Finally, Zacks Research raised Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $192.60.

Hedge Funds Weigh In On Ducommun

A number of hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Ducommun in the 2nd quarter valued at approximately $359,395,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Ducommun in the 2nd quarter worth $142,704,000. Alliancebernstein L.P. raised its stake in shares of Ducommun by 1,993.3% in the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock worth $25,034,000 after purchasing an additional 288,496 shares during the last quarter. Loomis Sayles & Co. L P purchased a new position in shares of Ducommun in the fourth quarter worth $26,028,000. Finally, Deutsche Bank AG bought a new position in shares of Ducommun during the second quarter valued at $41,095,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

About Ducommun

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.