Rajiv Tata Sells 1,612 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) VP Rajiv Tata sold 1,612 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares in the company, valued at $4,809,795. This represents a 4.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Ducommun Trading Down 0.4%

Shares of DCO opened at $142.64 on Friday. The company’s fifty day moving average is $135.17 and its 200 day moving average is $116.20. Ducommun Incorporated has a fifty-two week low of $66.24 and a fifty-two week high of $156.32. The stock has a market capitalization of $2.15 billion, a PE ratio of -60.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The company had revenue of $209.02 million for the quarter, compared to analysts’ expectations of $199.61 million. During the same quarter in the previous year, the business posted $0.83 earnings per share. Ducommun’s quarterly revenue was up 7.7% on a year-over-year basis. Sell-side analysts expect that Ducommun Incorporated will post 4.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DCO has been the topic of several research reports. Citigroup boosted their price target on shares of Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank Of Canada boosted their price target on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their target price on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. B. Riley Financial increased their target price on shares of Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and a consensus target price of $159.20.

Institutional Investors Weigh In On Ducommun

Several hedge funds and other institutional investors have recently made changes to their positions in DCO. Cornerstone Planning Group LLC grew its holdings in shares of Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares during the last quarter. State of Wyoming bought a new position in shares of Ducommun in the first quarter worth about $35,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Ducommun in the first quarter worth about $56,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Ducommun in the third quarter worth about $63,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

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.