Laureen Gonzalez Sells 589 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) VP Laureen Gonzalez sold 589 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total value of $89,522.11. Following the completion of the sale, the vice president directly owned 11,172 shares of the company’s stock, valued at approximately $1,698,032.28. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Ducommun Stock Performance

DCO stock opened at $151.93 on Friday. The firm has a market cap of $2.29 billion, a PE ratio of -64.37 and a beta of 1.06. The company has a quick ratio of 2.59, a current ratio of 3.67 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average of $137.85 and a 200-day moving average of $118.44. Ducommun Incorporated has a 12-month low of $68.76 and a 12-month high of $156.32.

Ducommun (NYSE:DCO) last released its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The company had revenue of $209.02 million during the quarter, compared to analyst estimates of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.Ducommun’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share. As a group, sell-side analysts expect that Ducommun Incorporated will post 4.07 earnings per share for the current year.

Hedge Funds Weigh In On Ducommun

A number of large investors have recently made changes to their positions in the stock. Cornerstone Planning Group LLC raised its position in shares of Ducommun by 6,725.0% in the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after buying an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after buying an additional 297 shares in the last quarter. State of Wyoming purchased a new stake in shares of Ducommun in the first quarter worth $35,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Ducommun in the first quarter worth $56,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Ducommun in the third quarter worth $63,000. 92.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DCO shares. B. Riley Financial upped their target price on Ducommun from $155.00 to $187.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Citigroup upped their target price on Ducommun from $141.00 to $167.00 and gave the company a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group upped their target price on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a report on Monday, April 20th. Royal Bank Of Canada upped their target price on Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a report on Wednesday, May 13th. Finally, Truist Financial upped their target price on Ducommun from $136.00 to $150.00 and gave the company a “buy” rating in a report on Tuesday. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Ducommun Company Profile

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.