Key Points
- VP Jerry Redondo sold 1,594 shares on Nov. 10 at an average price of $93.83 for a total of $149,565, leaving him with 67,269 shares (a 2.31% reduction in his position) as disclosed in an SEC filing.
- Earnings beat: Ducommun reported $0.99 EPS for the quarter versus $0.95 expected and revenue of $212.56 million, up 5.6% year-over-year.
- The stock traded around $94.26 (near its 50‑day MA), the company has a market cap of about $1.41 billion and a P/E of 35.9, institutional ownership is ~92.15%, and analysts have a consensus rating of "Moderate Buy" with a $97.50 target.
Ducommun Incorporated (NYSE:DCO - Get Free Report) VP Jerry Redondo sold 1,594 shares of the company's stock in a transaction that occurred on Monday, November 10th. The shares were sold at an average price of $93.83, for a total value of $149,565.02. Following the completion of the transaction, the vice president owned 67,269 shares in the company, valued at approximately $6,311,850.27. The trade was a 2.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
Ducommun Stock Performance
Shares of NYSE:DCO traded down $1.77 during midday trading on Thursday, reaching $94.26. 4,559 shares of the company traded hands, compared to its average volume of 109,539. The firm's fifty day moving average price is $93.84 and its two-hundred day moving average price is $84.97. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 35.92 and a beta of 1.38. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. Ducommun Incorporated has a 12 month low of $51.76 and a 12 month high of $101.47.
Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, November 6th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The business had revenue of $212.56 million during the quarter, compared to analyst estimates of $211.41 million. During the same quarter in the previous year, the firm earned $0.67 EPS. The company's quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.
Institutional Investors Weigh In On Ducommun
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Ducommun by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 823,225 shares of the aerospace company's stock worth $79,137,000 after acquiring an additional 16,985 shares during the last quarter. Gamco Investors INC. ET AL raised its holdings in Ducommun by 6.5% in the 2nd quarter. Gamco Investors INC. ET AL now owns 626,611 shares of the aerospace company's stock worth $51,777,000 after purchasing an additional 38,333 shares during the period. Geode Capital Management LLC lifted its position in Ducommun by 1.8% during the second quarter. Geode Capital Management LLC now owns 325,079 shares of the aerospace company's stock valued at $26,865,000 after purchasing an additional 5,725 shares in the last quarter. Alliancebernstein L.P. increased its position in Ducommun by 1,993.3% in the second quarter. Alliancebernstein L.P. now owns 302,969 shares of the aerospace company's stock worth $25,034,000 after buying an additional 288,496 shares in the last quarter. Finally, Kennedy Capital Management LLC raised its stake in shares of Ducommun by 25.9% in the second quarter. Kennedy Capital Management LLC now owns 242,734 shares of the aerospace company's stock worth $20,057,000 after buying an additional 49,996 shares during the period. 92.15% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
DCO has been the topic of several recent analyst reports. Wall Street Zen cut Ducommun from a "strong-buy" rating to a "buy" rating in a report on Monday. Weiss Ratings lowered Ducommun from a "buy (b-)" rating to a "hold (c-)" rating in a research report on Friday, November 7th. Royal Bank Of Canada lifted their price objective on Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research report on Friday, August 8th. Finally, Zacks Research cut shares of Ducommun from a "hold" rating to a "strong sell" rating in a research report on Friday, November 7th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Ducommun presently has an average rating of "Moderate Buy" and a consensus target price of $97.50.
Check Out Our Latest Research Report on DCO
Ducommun Company Profile
(
Get Free Report)
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.
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