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

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

Ducommun Stock Performance

DCO stock traded down $0.32 during midday trading on Friday, reaching $151.93. 270,804 shares of the company were exchanged, compared to its average volume of 190,418. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The business has a 50-day moving average price of $137.31 and a two-hundred day moving average price of $118.21. Ducommun Incorporated has a one year low of $68.76 and a one year high of $156.32. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of -64.37 and a beta of 1.06.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million during the quarter, compared to analysts’ expectations of $199.61 million. During the same period in the previous year, the business posted $0.83 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts forecast that Ducommun Incorporated will post 4.07 EPS for the current year.

Institutional Trading of Ducommun

Several large investors have recently made changes to their positions in DCO. Cornerstone Planning Group LLC boosted its position in shares of Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Ducommun by 618.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 297 shares in the last quarter. State of Wyoming acquired a new stake in shares of Ducommun during the 1st quarter worth approximately $35,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Ducommun during the 1st quarter worth approximately $56,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Ducommun in the 3rd quarter valued at $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on DCO shares. Truist Financial lifted their price objective on shares of Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. B. Riley Financial lifted their price objective on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Citigroup lifted their price objective on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Royal Bank Of Canada boosted their target price on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $162.00.

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.