Ducommun (NYSE:DCO) VP Sells $89,522.11 in Stock

Ducommun Incorporated (NYSE:DCO) VP Laureen Gonzalez sold 589 shares of Ducommun stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares in the company, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ducommun Stock Performance

Ducommun stock opened at $151.93 on Monday. Ducommun Incorporated has a 12-month low of $68.76 and a 12-month high of $156.32. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The business’s 50-day moving average price is $137.85 and its two-hundred day moving average price is $118.60. The stock has a market cap of $2.29 billion, a PE ratio of -64.37 and a beta of 1.06.

Ducommun (NYSE:DCO) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm 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. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. As a group, analysts expect that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on DCO. Truist Financial lifted their price target on Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a research note on Tuesday, May 26th. The Goldman Sachs Group lifted their price target on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Citigroup lifted their price target on Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a research note on Monday, May 18th. Royal Bank Of Canada lifted their price target on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, B. Riley Financial lifted their price target on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Institutional Trading of Ducommun

Hedge funds have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in shares of Ducommun by 18.5% in the first quarter. Bank of America Corp DE now owns 50,637 shares of the aerospace company’s stock worth $6,178,000 after acquiring an additional 7,922 shares during the period. Parvin Asset Management LLC lifted its stake in shares of Ducommun by 8.9% in the first quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after acquiring an additional 110 shares during the period. California State Teachers Retirement System lifted its stake in shares of Ducommun by 32.6% in the first quarter. California State Teachers Retirement System now owns 17,985 shares of the aerospace company’s stock worth $2,194,000 after acquiring an additional 4,419 shares during the period. Quantinno Capital Management LP lifted its stake in shares of Ducommun by 10.6% in the first quarter. Quantinno Capital Management LP now owns 5,019 shares of the aerospace company’s stock worth $612,000 after acquiring an additional 481 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ducommun in the first quarter worth approximately $56,000. 92.15% of the stock is owned by institutional investors and hedge funds.

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.