Ducommun (NYSE:DCO) CEO Stephen Oswald Sells 5,766 Shares of Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 5,766 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value 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. This trade represents a 1.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Ducommun Stock Performance

Shares of DCO opened at $199.31 on Friday. The business’s 50 day moving average is $175.43 and its two-hundred day moving average is $147.56. Ducommun Incorporated has a 52-week low of $84.76 and a 52-week high of $210.39. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -106.58 and a beta of 1.04. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. The business had revenue of $224.49 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. Analysts forecast that Ducommun Incorporated will post 4.19 EPS for the current fiscal year.

Institutional Investors Weigh In On Ducommun

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its stake in Ducommun by 16.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after acquiring an additional 107 shares during the period. Parvin Asset Management LLC raised its position in shares of Ducommun by 8.9% during the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 110 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 117 shares during the period. Allworth Financial LP bought a new stake in shares of Ducommun in the 2nd quarter worth approximately $26,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Ducommun by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after purchasing an additional 153 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DCO shares. Weiss Ratings lowered shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday. Royal Bank Of Canada boosted their price objective on Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. Truist Financial increased their target price on Ducommun from $150.00 to $209.00 and gave the stock a “buy” rating in a report on Thursday. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Ducommun in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.