Richard Baldridge Sells 10,440 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) Director Richard Baldridge sold 10,440 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director directly owned 20,100 shares in the company, valued at $2,629,683. The trade was a 34.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Ducommun Stock Down 0.5%

NYSE:DCO opened at $125.08 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of -54.15 and a beta of 1.03. Ducommun Incorporated has a one year low of $51.76 and a one year high of $140.02. The stock has a 50-day simple moving average of $119.17 and a 200 day simple moving average of $102.16.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.14. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The firm had revenue of $215.80 million for the quarter, compared to analysts’ expectations of $217.42 million. During the same quarter in the prior year, the firm posted $0.75 earnings per share. Ducommun’s revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts predict that Ducommun Incorporated will post 3.21 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DCO. Wealth Enhancement Advisory Services LLC increased its position in Ducommun by 16.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after buying an additional 107 shares during the period. Envestnet Asset Management Inc. lifted its stake in Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after buying an additional 117 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Ducommun by 0.9% during the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company’s stock valued at $1,076,000 after acquiring an additional 119 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock valued at $657,000 after acquiring an additional 153 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of Ducommun by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

DCO has been the topic of several research reports. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Royal Bank Of Canada boosted their target price on shares of Ducommun from $142.00 to $150.00 and gave the company an “outperform” rating in a research note on Friday. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, Truist Financial lifted their price target on shares of Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a report on Friday, February 27th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.25.

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.