Insider Selling: Ducommun Incorporated (DCO) Director Sells 4,900 Shares of Stock
Ducommun Incorporated (NYSE:DCO) Director Robert C. Ducommun sold 4,900 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $32.01, for a total transaction of $156,849.00. Following the sale, the director now directly owns 416,300 shares of the company’s stock, valued at approximately $13,325,763. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Ducommun Incorporated (NYSE DCO) traded down 0.40% during mid-day trading on Wednesday, reaching $31.97. 58,326 shares of the company’s stock were exchanged. Ducommun Incorporated has a one year low of $18.70 and a one year high of $35.58. The firm has a market capitalization of $360.27 million, a P/E ratio of 26.36 and a beta of 0.92. The company’s 50-day moving average is $31.99 and its 200 day moving average is $29.74.
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Several research analysts have commented on the stock. Canaccord Genuity restated a “buy” rating and issued a $35.00 price objective on shares of Ducommun in a report on Tuesday, April 11th. B. Riley upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Friday, May 5th. Noble Financial restated a “hold” rating on shares of Ducommun in a report on Saturday, May 20th. Zacks Investment Research upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a research note on Tuesday, May 9th. Finally, FBR & Co increased their price target on shares of Ducommun from $30.00 to $35.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $35.25.
A number of institutional investors have recently made changes to their positions in DCO. Wells Fargo & Company MN increased its position in shares of Ducommun by 39.6% in the first quarter. Wells Fargo & Company MN now owns 73,453 shares of the aerospace company’s stock worth $2,115,000 after buying an additional 20,854 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Ducommun during the first quarter worth approximately $2,772,000. Teachers Advisors LLC increased its position in shares of Ducommun by 25.0% in the fourth quarter. Teachers Advisors LLC now owns 19,804 shares of the aerospace company’s stock worth $506,000 after buying an additional 3,956 shares in the last quarter. Numeric Investors LLC purchased a new position in shares of Ducommun during the fourth quarter worth approximately $441,000. Finally, AQR Capital Management LLC purchased a new position in shares of Ducommun during the fourth quarter worth approximately $1,809,000. Institutional investors and hedge funds own 82.10% of the company’s stock.
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.
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