Insider Selling: Ducommun (NYSE:DCO) VP Sells $877,073.52 in Stock

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 5,682 shares of the business’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the sale, the vice president owned 62,034 shares of the company’s stock, valued at approximately $9,575,568.24. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ducommun Trading Up 0.2%

Ducommun stock opened at $144.07 on Monday. The business has a 50-day simple moving average of $134.13 and a two-hundred day simple moving average of $114.77. The company has a market cap of $2.17 billion, a P/E ratio of -61.05 and a beta of 1.06. Ducommun Incorporated has a 52-week low of $66.24 and a 52-week high of $156.32. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.07. The business had revenue of $209.02 million during the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. Analysts predict that Ducommun Incorporated will post 4.16 EPS for the current year.

Wall Street Analysts Forecast Growth

DCO has been the subject of a number of recent research reports. B. Riley Financial boosted their price objective on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a research note on Wednesday. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Sunday. The Goldman Sachs Group boosted their price objective on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Truist Financial upgraded Ducommun to a “strong-buy” rating in a research note on Friday, May 1st. Finally, Citigroup cut their price objective on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $154.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in shares of Ducommun during the 3rd quarter worth approximately $1,163,000. SG Americas Securities LLC purchased a new stake in shares of Ducommun during the 3rd quarter worth approximately $849,000. Thornburg Investment Management Inc. purchased a new stake in shares of Ducommun during the 3rd quarter worth approximately $12,953,000. Aberdeen Group plc raised its holdings in shares of Ducommun by 7.2% during the 4th quarter. Aberdeen Group plc now owns 218,433 shares of the aerospace company’s stock worth $20,780,000 after acquiring an additional 14,721 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Ducommun by 63.7% during the 3rd quarter. Advisors Asset Management Inc. now owns 31,741 shares of the aerospace company’s stock worth $3,051,000 after acquiring an additional 12,353 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

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.