Ducommun (NYSE:DCO) Director Richard Baldridge Sells 10,440 Shares

Ducommun Incorporated (NYSE:DCO) Director Richard Baldridge sold 10,440 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total value of $1,365,865.20. Following the sale, the director owned 20,100 shares in the company, valued at approximately $2,629,683. This trade represents a 34.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Ducommun Stock Down 2.9%

Shares of DCO traded down $3.69 during midday trading on Thursday, hitting $125.53. The company had a trading volume of 148,672 shares, compared to its average volume of 167,022. The company’s 50-day simple moving average is $118.00 and its 200-day simple moving average is $101.78. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. The firm has a market capitalization of $1.88 billion, a P/E ratio of -54.34 and a beta of 1.03. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $140.02.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The business’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. As a group, sell-side analysts expect that Ducommun Incorporated will post 3.21 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Wall Street Zen downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Zacks Research raised shares of Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research note on Monday, December 29th. The Goldman Sachs Group increased their target price on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada raised their price target on Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $138.25.

Hedge Funds Weigh In On Ducommun

Several large investors have recently bought and sold shares of DCO. Cornerstone Planning Group LLC increased its position in shares of Ducommun by 6,725.0% during the third quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 297 shares during the period. Traub Capital Management LLC acquired a new stake in shares of Ducommun in the 2nd quarter valued at about $35,000. Financial Consulate Inc. purchased a new position in Ducommun during the 3rd quarter worth approximately $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun during the 3rd quarter worth approximately $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.