Insider Selling: Ducommun (NYSE:DCO) CEO Sells $509,875.00 in Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the transaction, the chief executive officer directly owned 383,864 shares of the company’s stock, valued at approximately $78,289,062.80. The trade was a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Ducommun Price Performance

Ducommun stock opened at $191.61 on Friday. The business has a 50 day simple moving average of $180.55 and a 200 day simple moving average of $150.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The company has a market capitalization of $2.89 billion, a PE ratio of -102.46 and a beta of 1.04. Ducommun Incorporated has a one year low of $84.76 and a one year high of $210.39.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The firm had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. During the same period in the prior year, the business posted $0.88 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Ducommun Incorporated will post 4.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DCO. Royal Bank Of Canada increased their target price on shares of Ducommun from $175.00 to $200.00 and gave the stock a “sector performer” rating in a research report on Friday, August 7th. Citigroup restated a “buy” rating on shares of Ducommun in a research report on Wednesday, August 12th. Zacks Research raised shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Finally, Weiss Ratings cut shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and a consensus target price of $192.60.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DCO. Parvin Asset Management LLC increased its position in Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock valued at $163,000 after acquiring an additional 110 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Ducommun by 3.8% during the third 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 in the last quarter. Allworth Financial LP acquired a new position in shares of Ducommun during the second quarter worth approximately $26,000. Ameriprise Financial Inc. grew its stake in shares of Ducommun by 2.3% during the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock valued at $657,000 after purchasing an additional 153 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Ducommun by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after purchasing an additional 155 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.