Ducommun (NYSE:DCO) Trading Down 5.5% – Time to Sell?

Ducommun Incorporated (NYSE:DCO) shares fell 5.5% on Tuesday . The stock traded as low as $163.09 and last traded at $163.29. 16,245 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 221,373 shares. The stock had previously closed at $172.73.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DCO. Truist Financial boosted their price target on Ducommun from $150.00 to $209.00 and gave the company a “buy” rating in a research report on Thursday, August 13th. Wall Street Zen raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Ducommun in a report on Wednesday, August 12th. Finally, Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One research 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, the stock has an average rating of “Moderate Buy” and an average price target of $192.60.

Ducommun Stock Down 1.4%

The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -86.71 and a beta of 1.04. The firm has a 50-day moving average of $180.07 and a 200 day moving average of $156.81. The company has a current ratio of 3.36, a quick ratio of 2.38 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.88 earnings per share. On average, sell-side analysts anticipate that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Insider Buying and Selling at Ducommun

In related news, CEO Stephen Oswald sold 2,500 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the transaction, the chief executive officer owned 383,864 shares in the company, valued at approximately $78,289,062.80. The trade was a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new position in shares of Ducommun during the 2nd quarter valued at approximately $218,000. Integrated Wealth Concepts LLC acquired a new stake in Ducommun in the second quarter valued at $100,000. Squarepoint Ops LLC raised its holdings in Ducommun by 44.9% in the second quarter. Squarepoint Ops LLC now owns 13,973 shares of the aerospace company’s stock valued at $2,588,000 after acquiring an additional 4,332 shares in the last quarter. Nykredit A S bought a new position in Ducommun during the 2nd quarter valued at $55,000. Finally, Corient Private Wealth LP acquired a new stake in shares of Ducommun in the 2nd quarter valued at about $279,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Company Profile

Ducommun Incorporated is a diversified manufacturing company that provides engineered products and production services primarily for the aerospace and defense industries. The company supplies components and assemblies used in commercial aircraft, military platforms, space systems and other specialized applications.

Ducommun’s Electronic Systems business produces electronic and electromechanical assemblies, interconnect systems, high-reliability components, RF and microwave products, and other systems used in avionics, communications, radar and defense applications.