Ducommun (NYSE:DCO) CEO Stephen Oswald Sells 2,500 Shares of Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the transaction, the chief executive officer directly owned 383,864 shares in the company, valued at $78,289,062.80. This trade represents a 0.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Ducommun Stock Down 2.1%

Shares of NYSE:DCO opened at $199.99 on Thursday. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39. The stock has a market cap of $3.02 billion, a P/E ratio of -106.94 and a beta of 1.04. The business has a fifty day moving average of $179.55 and a two-hundred day moving average of $150.17. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. The business had revenue of $224.49 million for the quarter, compared to analyst estimates of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.88 EPS. On average, research analysts expect that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently made changes to their positions in DCO. Parvin Asset Management LLC lifted its holdings in shares of Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 110 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Ducommun by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after purchasing an additional 117 shares during the last quarter. Allworth Financial LP acquired a new stake in Ducommun in the 2nd quarter valued at approximately $26,000. Ameriprise Financial Inc. raised its position in Ducommun by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock valued at $657,000 after purchasing an additional 153 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its stake in 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 purchasing an additional 155 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Weiss Ratings lowered shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Royal Bank Of Canada increased their price objective on Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. Finally, Truist Financial raised their target price on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a research note on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.60.

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.