Insider Selling: Ducommun (NYSE:DCO) Director Sells 10,440 Shares of Stock

Ducommun Incorporated (NYSE:DCO) Director Richard Baldridge sold 10,440 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total value of $1,365,865.20. Following the completion of the sale, the director directly owned 20,100 shares of the company’s stock, valued at $2,629,683. The trade was a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Ducommun Stock Performance

Shares of DCO traded down $3.69 during mid-day trading on Thursday, reaching $125.53. 148,672 shares of the company’s stock were exchanged, compared to its average volume of 167,022. The business’s fifty day simple moving average is $118.00 and its 200-day simple moving average is $101.78. The stock has a market capitalization of $1.88 billion, a PE ratio of -54.34 and a beta of 1.03. Ducommun Incorporated has a 52-week low of $51.76 and a 52-week high of $140.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. The firm had revenue of $215.80 million during the quarter, compared to the consensus estimate of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. Ducommun’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 EPS. On average, equities research analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Institutional Trading of Ducommun

A number of institutional investors have recently modified their holdings of DCO. AQR Capital Management LLC grew its holdings in Ducommun by 14.5% during the first quarter. AQR Capital Management LLC now owns 83,479 shares of the aerospace company’s stock worth $4,844,000 after acquiring an additional 10,574 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Ducommun by 4.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,050 shares of the aerospace company’s stock valued at $467,000 after acquiring an additional 319 shares during the period. Envestnet Asset Management Inc. acquired a new stake in Ducommun in the second quarter valued at $258,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Ducommun by 42.5% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 54,243 shares of the aerospace company’s stock worth $4,482,000 after purchasing an additional 16,188 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in shares of Ducommun during the 2nd quarter worth $234,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on DCO. Royal Bank Of Canada upped their target price on shares of Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a report on Friday, February 20th. Truist Financial boosted their price target on Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Citigroup upped their price objective on Ducommun from $125.00 to $143.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. The Goldman Sachs Group increased their price objective on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $138.25.

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.