Insider Selling: Ducommun (NYSE:DCO) VP Sells $233,740.00 in Stock

Ducommun Incorporated (NYSE:DCO) VP Rajiv Tata sold 1,612 shares of Ducommun stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the sale, the vice president owned 33,171 shares in the company, valued at approximately $4,809,795. This represents a 4.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ducommun Stock Performance

Shares of NYSE DCO opened at $144.11 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The company has a market cap of $2.17 billion, a P/E ratio of -61.06 and a beta of 1.06. The firm’s fifty day moving average is $135.47 and its two-hundred day moving average is $116.40. Ducommun Incorporated has a 52-week low of $66.24 and a 52-week high of $156.32.

Ducommun (NYSE:DCO) last announced 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 company had revenue of $209.02 million for the quarter, compared to the consensus estimate of $199.61 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. Ducommun’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 EPS. As a group, analysts anticipate that Ducommun Incorporated will post 4.16 EPS for the current fiscal year.

Hedge Funds Weigh In On Ducommun

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new position in shares of Ducommun during the 3rd quarter worth about $1,163,000. SG Americas Securities LLC purchased a new position in shares of Ducommun during the 3rd quarter worth about $849,000. Thornburg Investment Management Inc. purchased a new position in shares of Ducommun during the 3rd quarter worth about $12,953,000. Aberdeen Group plc boosted its stake 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 purchasing an additional 14,721 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake 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 purchasing an additional 12,353 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DCO. The Goldman Sachs Group lifted their price target on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a report on Monday, April 20th. B. Riley Financial lifted their price objective on shares of Ducommun from $155.00 to $187.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Royal Bank Of Canada lifted their price objective on shares of Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 13th. Finally, Truist Financial raised shares of Ducommun to a “strong-buy” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $159.20.

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.