Ducommun (NYSE:DCO) VP Rajiv Tata Sells 1,612 Shares

Ducommun Incorporated (NYSE:DCO) VP Rajiv Tata sold 1,612 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the transaction, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This represents a 4.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Ducommun Stock Up 1.5%

Shares of DCO opened at $143.82 on Thursday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of -60.94 and a beta of 1.06. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. Ducommun Incorporated has a 12 month low of $66.24 and a 12 month high of $156.32. The company has a 50-day moving average price of $134.93 and a two-hundred day moving average price of $115.84.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. The firm had revenue of $209.02 million during the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Equities analysts predict that Ducommun Incorporated will post 4.16 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DCO. AQR Capital Management LLC lifted its position in Ducommun by 14.5% during the 1st quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after buying an additional 10,574 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Ducommun by 4.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock worth $467,000 after purchasing an additional 319 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. First Trust Advisors LP raised its position in Ducommun by 10.0% in the 2nd quarter. First Trust Advisors LP now owns 5,809 shares of the aerospace company’s stock worth $480,000 after purchasing an additional 528 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Ducommun by 7.9% in the 2nd quarter. Marshall Wace LLP now owns 71,545 shares of the aerospace company’s stock worth $5,912,000 after purchasing an additional 5,212 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the stock. B. Riley Financial raised their price target on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Citigroup raised their price target on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research note on Monday. The Goldman Sachs Group lifted their target price on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Truist Financial upgraded shares of Ducommun to a “strong-buy” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $159.20.

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.