Insider Selling: Ducommun Incorporated (NYSE:DCO) VP Sells $200,277.00 in Stock

Ducommun Incorporated (NYSE:DCO) VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at $3,873,599.94. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Ducommun Trading Up 3.2 %

NYSE DCO opened at $64.65 on Friday. The firm has a market capitalization of $951.39 million, a P/E ratio of 54.33 and a beta of 1.38. The business has a fifty day simple moving average of $59.84 and a 200 day simple moving average of $55.15. Ducommun Incorporated has a 12 month low of $42.31 and a 12 month high of $66.13. The company has a current ratio of 2.99, a quick ratio of 1.88 and a debt-to-equity ratio of 0.39.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. The business had revenue of $197.00 million during the quarter, compared to analyst estimates of $194.57 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. Ducommun’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 EPS. On average, analysts predict that Ducommun Incorporated will post 2.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Ducommun

Large investors have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Ducommun during the 4th quarter valued at $953,000. BNP Paribas Financial Markets increased its holdings in Ducommun by 535.3% in the 4th quarter. BNP Paribas Financial Markets now owns 16,645 shares of the aerospace company’s stock worth $867,000 after acquiring an additional 14,025 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Ducommun by 7.6% in the 1st quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company’s stock worth $11,259,000 after acquiring an additional 15,494 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Ducommun by 1.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,016,433 shares of the aerospace company’s stock worth $52,916,000 after acquiring an additional 17,897 shares during the last quarter. Finally, Franklin Resources Inc. increased its holdings in Ducommun by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company’s stock worth $3,567,000 after acquiring an additional 500 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $72.00 target price (up from $65.00) on shares of Ducommun in a report on Friday, August 9th. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and increased their target price for the stock from $64.00 to $80.00 in a report on Tuesday. Finally, StockNews.com cut Ducommun from a “buy” rating to a “hold” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $71.00.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.