Ducommun (NYSE:DCO) CEO Sells $1,159,830.90 in Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 5,766 shares of Ducommun stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares of the company’s stock, valued at approximately $77,618,756.25. The trade was a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Ducommun Stock Performance

Shares of DCO stock opened at $206.54 on Friday. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The stock has a market cap of $3.12 billion, a PE ratio of -110.45 and a beta of 1.04. The business has a 50-day simple moving average of $176.57 and a 200-day simple moving average of $147.97.

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

Hedge Funds Weigh In On Ducommun

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Ducommun in the second quarter worth approximately $359,395,000. Paradigm Capital Management Inc. NY purchased a new position in Ducommun in the 2nd quarter valued at $142,704,000. Alliancebernstein L.P. lifted its holdings in Ducommun by 1,993.3% in the 2nd quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company’s stock valued at $25,034,000 after purchasing an additional 288,496 shares in the last quarter. Loomis Sayles & Co. L P acquired a new stake in Ducommun during the 4th quarter worth $26,028,000. Finally, Deutsche Bank AG acquired a new stake in Ducommun during the 2nd quarter worth $41,095,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on DCO shares. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Citigroup reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday. Weiss Ratings cut Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. Finally, Truist Financial upped their target price on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $192.60.

About Ducommun

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.