Jerry Redondo Sells 2,000 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total value of $185,720.00. Following the sale, the vice president directly owned 65,269 shares in the company, valued at $6,060,879.34. This represents a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ducommun Price Performance

Shares of NYSE DCO opened at $94.23 on Friday. The business has a fifty day moving average price of $92.58 and a two-hundred day moving average price of $88.83. The stock has a market capitalization of $1.41 billion, a PE ratio of -40.27 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.04 and a quick ratio of 1.46. Ducommun Incorporated has a fifty-two week low of $51.76 and a fifty-two week high of $101.47.

Ducommun (NYSE:DCO) last released its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The company had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.Ducommun’s quarterly revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.67 EPS. As a group, equities analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ducommun

A number of institutional investors have recently added to or reduced their stakes in DCO. Vanguard Group Inc. grew its stake in shares of Ducommun by 2.1% in the third quarter. Vanguard Group Inc. now owns 823,225 shares of the aerospace company’s stock worth $79,137,000 after purchasing an additional 16,985 shares during the last quarter. Gamco Investors INC. ET AL lifted its holdings in Ducommun by 6.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company’s stock worth $51,777,000 after buying an additional 38,333 shares during the period. Geode Capital Management LLC grew its position in shares of Ducommun by 1.8% in the 2nd quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company’s stock valued at $26,865,000 after buying an additional 5,725 shares during the last quarter. Alliancebernstein L.P. increased its stake in shares of Ducommun by 5.4% in the third quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock valued at $30,711,000 after buying an additional 16,501 shares during the period. Finally, Kennedy Capital Management LLC raised its position in shares of Ducommun by 18.4% during the third quarter. Kennedy Capital Management LLC now owns 287,298 shares of the aerospace company’s stock worth $27,618,000 after acquiring an additional 44,564 shares during the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on DCO. Citigroup initiated coverage on shares of Ducommun in a report on Thursday. They issued a “buy” rating and a $110.00 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Ducommun in a research note on Monday. Zacks Research upgraded shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Wall Street Zen downgraded Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday, November 10th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Ducommun has an average rating of “Moderate Buy” and a consensus target price of $99.75.

About Ducommun

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.