Ducommun (NYSE:DCO) VP Jerry Redondo Sells 1,594 Shares

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 1,594 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $93.83, for a total value of $149,565.02. Following the transaction, the vice president owned 67,269 shares in the company, valued at approximately $6,311,850.27. This trade represents a 2.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ducommun Trading Down 1.8%

DCO stock traded down $1.77 during midday trading on Thursday, hitting $94.26. 4,559 shares of the company’s stock were exchanged, compared to its average volume of 109,539. The company has a market cap of $1.41 billion, a PE ratio of 35.92 and a beta of 1.38. Ducommun Incorporated has a one year low of $51.76 and a one year high of $101.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.17 and a current ratio of 3.24. The stock’s fifty day moving average price is $93.84 and its 200-day moving average price is $84.97.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The business had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same period last year, the business posted $0.67 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. Research analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on DCO shares. Royal Bank Of Canada increased their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Weiss Ratings downgraded Ducommun from a “buy (b-)” rating to a “hold (c-)” rating in a research note on Friday, November 7th. Zacks Research downgraded Ducommun from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.50.

Institutional Trading of Ducommun

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after buying an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares during the period. Traub Capital Management LLC bought a new stake in shares of Ducommun during the 2nd quarter valued at about $35,000. Financial Consulate Inc. acquired a new stake in Ducommun during the third quarter worth approximately $48,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Ducommun in the third quarter valued at approximately $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Ducommun Company Profile

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.