Ducommun (NYSE:DCO) VP Sells $233,740.00 in Stock

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

Ducommun Price Performance

Ducommun stock traded up $2.07 during mid-day trading on Wednesday, hitting $143.82. 128,183 shares of the company were exchanged, compared to its average volume of 189,185. 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 has a fifty day moving average of $134.69 and a 200 day moving average of $115.48. Ducommun Incorporated has a 1-year low of $66.24 and a 1-year high of $156.32. The company has a market capitalization of $2.17 billion, a PE ratio of -60.94 and a beta of 1.06.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (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 firm had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. During the same period in the prior year, the company posted $0.83 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, sell-side analysts expect that Ducommun Incorporated will post 4.16 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on DCO. Royal Bank Of Canada increased their target price on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. The Goldman Sachs Group increased their target price on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Citigroup increased their target price on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a report on Monday. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Sunday. Finally, B. Riley Financial increased their target price on Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. One 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 stock. Based on data from MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus target price of $159.20.

Institutional Trading of Ducommun

Large investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC grew its holdings in shares of 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 purchasing an additional 269 shares during the last quarter. State of Wyoming bought a new position in Ducommun in the first quarter valued at about $35,000. EverSource Wealth Advisors LLC boosted its holdings in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after acquiring an additional 297 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Ducommun in the first quarter valued at about $56,000. Finally, KBC Group NV bought a new position in Ducommun in the first quarter valued at about $71,000. 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.