Insider Selling: Ducommun Incorporated (DCO) Director Sells 30,000 Shares of Stock

Ducommun Incorporated (NYSE:DCO) Director Anthony J. Reardon sold 30,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $26.04, for a total transaction of $781,200.00. Following the sale, the director now owns 82,603 shares in the company, valued at $2,150,982.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ducommun Incorporated (NYSE DCO) traded up $0.19 on Wednesday, hitting $26.02. 99,200 shares of the stock were exchanged, compared to its average volume of 74,934. Ducommun Incorporated has a one year low of $24.23 and a one year high of $35.58. The company has a current ratio of 2.46, a quick ratio of 1.06 and a debt-to-equity ratio of 0.99. The firm has a market cap of $292.61, a P/E ratio of 18.85 and a beta of 0.87.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, November 1st. The aerospace company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. Ducommun had a net margin of 2.40% and a return on equity of 7.20%. The company had revenue of $138.70 million for the quarter, compared to the consensus estimate of $143.72 million. During the same period last year, the company posted $0.44 EPS. The firm’s quarterly revenue was up 4.6% compared to the same quarter last year. equities analysts predict that Ducommun Incorporated will post 0.59 earnings per share for the current fiscal year.

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A number of large investors have recently bought and sold shares of the stock. Wilen Investment Management CORP. boosted its position in Ducommun by 0.3% during the 2nd quarter. Wilen Investment Management CORP. now owns 32,818 shares of the aerospace company’s stock worth $1,017,000 after buying an additional 100 shares during the period. Teachers Advisors LLC boosted its position in Ducommun by 0.5% during the 2nd quarter. Teachers Advisors LLC now owns 19,905 shares of the aerospace company’s stock worth $629,000 after buying an additional 101 shares during the period. TIAA CREF Investment Management LLC boosted its position in Ducommun by 0.6% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 28,970 shares of the aerospace company’s stock worth $915,000 after buying an additional 177 shares during the period. American International Group Inc. boosted its position in Ducommun by 7.1% during the 1st quarter. American International Group Inc. now owns 6,398 shares of the aerospace company’s stock worth $184,000 after buying an additional 422 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Ducommun by 6.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,385 shares of the aerospace company’s stock worth $265,000 after buying an additional 502 shares during the period. Institutional investors and hedge funds own 81.07% of the company’s stock.

A number of equities research analysts have issued reports on DCO shares. BidaskClub downgraded shares of Ducommun from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. B. Riley reiterated a “buy” rating and set a $40.00 price objective on shares of Ducommun in a research note on Tuesday, August 1st. Canaccord Genuity increased their price objective on shares of Ducommun from $35.00 to $36.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Zacks Investment Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating and set a $34.00 price objective on the stock in a research note on Friday, August 4th. Finally, Noble Financial reiterated a “hold” rating on shares of Ducommun in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.80.

Ducommun Company Profile

Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions.

Insider Buying and Selling by Quarter for Ducommun (NYSE:DCO)

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