Ducommun (NYSE:DCO) VP Jerry Redondo Sells 1,594 Shares

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 1,594 shares of Ducommun stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $93.83, for a total value of $149,565.02. Following the sale, the vice president owned 67,269 shares of the company’s stock, valued at approximately $6,311,850.27. This represents a 2.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ducommun Stock Down 1.3%

DCO traded down $1.28 during midday trading on Wednesday, hitting $96.13. 121,077 shares of the company’s stock traded hands, compared to its average volume of 110,036. The company has a market cap of $1.43 billion, a PE ratio of 36.55 and a beta of 1.38. Ducommun Incorporated has a one year low of $51.76 and a one year high of $101.47. The stock’s fifty day simple moving average is $93.72 and its 200-day simple moving average is $84.89. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The firm had revenue of $212.56 million for the quarter, compared to the consensus estimate of $211.41 million. During the same period in the prior year, the business posted $0.67 earnings per share. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, equities analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on DCO. Weiss Ratings cut Ducommun from a “buy (b-)” rating to a “hold (c-)” rating in a research report on Friday, November 7th. Zacks Research cut shares of Ducommun from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Royal Bank Of Canada raised their price target on shares of Ducommun from $95.00 to $100.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Finally, Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research note on Monday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Teton Advisors LLC acquired a new stake in Ducommun during the 3rd quarter valued at $4,422,000. Orchard Capital Management LLC grew its holdings in shares of Ducommun by 3.4% during the third quarter. Orchard Capital Management LLC now owns 28,301 shares of the aerospace company’s stock worth $2,721,000 after purchasing an additional 923 shares during the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of Ducommun in the third quarter valued at $342,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Ducommun by 15.1% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 62,460 shares of the aerospace company’s stock valued at $6,004,000 after buying an additional 8,217 shares during the last quarter. Finally, Thornburg Investment Management Inc. acquired a new position in Ducommun during the 3rd quarter worth about $12,953,000. 92.15% of the stock is owned by institutional investors and hedge funds.

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.