Stephen Oswald Sells 2,500 Shares of Ducommun (NYSE:DCO) 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 stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the transaction, the chief executive officer directly owned 383,864 shares of the company’s stock, valued at approximately $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ducommun Price Performance

Shares of NYSE DCO traded down $4.29 during mid-day trading on Wednesday, reaching $199.99. 172,459 shares of the company traded hands, compared to its average volume of 222,819. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The firm has a market cap of $3.02 billion, a PE ratio of -106.94 and a beta of 1.04. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The stock has a fifty day simple moving average of $178.63 and a 200-day simple moving average of $149.55.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $224.49 million during the quarter, compared to analyst estimates of $214.32 million. During the same quarter in the previous year, the business earned $0.88 EPS. Ducommun’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DCO. B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Royal Bank Of Canada lifted their price target on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research note on Friday, August 7th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Truist Financial increased their price objective on shares of Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings cut shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.60.

Institutional Trading of Ducommun

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Ducommun in the second quarter valued at $359,395,000. Paradigm Capital Management Inc. NY acquired a new stake in shares of Ducommun in the second quarter valued at about $142,704,000. Alliancebernstein L.P. lifted its position in shares of Ducommun by 1,993.3% during 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 in the last quarter. Loomis Sayles & Co. L P acquired a new stake in shares of Ducommun during the fourth quarter valued at about $26,028,000. Finally, Deutsche Bank AG bought a new position in Ducommun during the 2nd quarter valued at $41,095,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.