Ducommun (NYSE:DCO) CEO Stephen Oswald Sells 5,766 Shares of Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 5,766 shares of the stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $201.15, for a total value of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ducommun Trading Down 1.0%

Shares of DCO stock traded down $2.08 on Thursday, hitting $199.31. 134,103 shares of the company’s stock traded hands, compared to its average volume of 224,537. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of -106.58 and a beta of 1.04. The company’s fifty day simple moving average is $174.44 and its 200 day simple moving average is $146.95. Ducommun Incorporated has a one year low of $84.76 and a one year high of $210.39. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping 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 business had revenue of $224.49 million for the quarter, compared to analysts’ expectations of $214.32 million. During the same period in the previous year, the firm earned $0.88 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts forecast that Ducommun Incorporated will post 4.19 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DCO shares. Zacks Research upgraded shares of Ducommun from a “hold” rating to a “strong-buy” rating in a research report on Monday. B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Friday, August 7th. Citigroup reaffirmed a “buy” rating on shares of Ducommun in a research report on Wednesday. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Weiss Ratings lowered Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.60.

Hedge Funds Weigh In On Ducommun

Several hedge funds and other institutional investors have recently modified their holdings of DCO. Wealth Enhancement Advisory Services LLC grew its stake in shares of Ducommun by 16.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock valued at $72,000 after purchasing an additional 107 shares during the period. Parvin Asset Management LLC lifted its stake in shares of Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock worth $163,000 after purchasing an additional 110 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after buying an additional 117 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Ducommun in the second quarter worth approximately $26,000. Finally, Ameriprise Financial Inc. grew its position in 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 buying an additional 153 shares during the period. 92.15% of the stock is 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.