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

Ducommun Incorporated (NYSE:DCO) VP Rajiv Tata sold 1,612 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total value of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares of the company’s stock, valued at approximately $4,809,795. This trade represents a 4.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ducommun Stock Performance

DCO traded up $2.07 on Wednesday, hitting $143.82. The company had a trading volume of 128,183 shares, compared to its average volume of 189,185. Ducommun Incorporated has a 1-year low of $66.24 and a 1-year high of $156.32. 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 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’s fifty day moving average price is $134.69 and its 200 day moving average price is $115.48.

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. acquired a new position in shares of Ducommun in the third quarter valued at $1,163,000. SG Americas Securities LLC acquired a new position in Ducommun during the third quarter worth $849,000. Thornburg Investment Management Inc. acquired a new position in Ducommun during the third quarter worth $12,953,000. Aberdeen Group plc raised its stake in Ducommun by 7.2% during the fourth quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock worth $20,780,000 after acquiring an additional 14,721 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its stake in Ducommun by 63.7% during the third quarter. Advisors Asset Management Inc. now owns 31,741 shares of the aerospace company’s stock worth $3,051,000 after acquiring an additional 12,353 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DCO shares. Royal Bank Of Canada increased their price objective on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Truist Financial raised Ducommun to a “strong-buy” rating in a research report on Friday, May 1st. The Goldman Sachs Group increased their price objective on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Citigroup upped their target price on Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a research note on Monday. Finally, Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Sunday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock currently 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.