Ducommun (NYSE:DCO) VP Jerry Redondo Sells 2,000 Shares

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the sale, the vice president owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ducommun Stock Up 3.2%

NYSE:DCO traded up $2.93 during trading hours on Thursday, hitting $95.40. 110,290 shares of the company’s stock traded hands, compared to its average volume of 108,781. Ducommun Incorporated has a twelve month low of $51.76 and a twelve month high of $101.47. The firm has a market cap of $1.43 billion, a P/E ratio of -40.77 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. The stock’s fifty day moving average price is $92.57 and its two-hundred day moving average price is $88.60.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $212.56 million during the quarter, compared to analyst estimates of $211.41 million. Ducommun had a negative net margin of 4.29% and a positive return on equity of 7.70%. The firm’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. On average, research analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ducommun

A number of institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC boosted its stake in Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 269 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares during the last quarter. Traub Capital Management LLC bought a new stake in shares of Ducommun in the second quarter valued at approximately $35,000. Financial Consulate Inc. acquired a new stake in shares of Ducommun in the third quarter worth $48,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Ducommun during the third quarter worth $63,000. 92.15% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on DCO shares. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “sell (d+)” rating on shares of Ducommun in a report on Monday. Finally, Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $97.50.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.