Ducommun (NYSE:DCO) VP Sells $877,073.52 in Stock

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 5,682 shares of Ducommun stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $154.36, for a total value of $877,073.52. Following the transaction, the vice president directly owned 62,034 shares in the company, valued at approximately $9,575,568.24. This trade represents a 8.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ducommun Stock Performance

DCO traded down $7.52 during trading on Friday, hitting $144.07. 251,235 shares of the stock were exchanged, compared to its average volume of 190,626. The firm has a market capitalization of $2.17 billion, a P/E ratio of -61.05 and a beta of 1.06. Ducommun Incorporated has a 1-year low of $66.24 and a 1-year high of $156.32. The stock has a fifty day moving average price of $134.05 and a two-hundred day moving average price of $114.41. The company has a quick ratio of 2.47, a current ratio of 3.67 and a debt-to-equity ratio of 0.44.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $199.61 million. During the same quarter in the previous year, the company posted $0.83 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. As a group, sell-side analysts predict that Ducommun Incorporated will post 4.01 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Ducommun by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock worth $80,134,000 after acquiring an additional 19,143 shares during the period. State Street Corp grew its holdings in Ducommun by 10.4% during the fourth quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after acquiring an additional 63,070 shares during the period. Geode Capital Management LLC grew its holdings in Ducommun by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock worth $31,720,000 after acquiring an additional 5,899 shares during the period. GW&K Investment Management LLC grew its holdings in Ducommun by 2.0% during the fourth quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock worth $30,420,000 after acquiring an additional 6,192 shares during the period. Finally, Alliancebernstein L.P. grew its holdings in Ducommun by 5.4% during the third quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock worth $30,711,000 after acquiring an additional 16,501 shares during the period. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday. Truist Financial upgraded Ducommun to a “strong-buy” rating in a research note on Friday, May 1st. B. Riley Financial upped their price target on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday. Citigroup cut their price target on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, The Goldman Sachs Group upped their price target on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.00.

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.