Key Points
- Jerry Redondo, a Ducommun vice president, sold 2,000 shares on Dec. 10 at an average price of $92.86 for a total of $185,720, trimming his stake by 2.97% to 65,269 shares valued at about $6.06M.
- Ducommun reported $0.99 EPS for the quarter (beating the $0.95 consensus) and revenue of $212.56M (up 5.6% YoY), but still shows a negative net margin (-4.29%) and a negative P/E (-41.34).
- Analyst sentiment is mixed but the consensus is a Moderate Buy with an average target of $99.75; the stock has a market cap of $1.44B and a 52‑week range of $51.76–$101.47.
Ducommun Incorporated (NYSE:DCO - Get Free Report) VP Jerry Redondo sold 2,000 shares of the firm's stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total value of $185,720.00. Following the completion of the transaction, the vice president directly owned 65,269 shares in the company, valued at $6,060,879.34. This trade represents a 2.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Ducommun Price Performance
DCO stock opened at $96.02 on Friday. The firm has a market cap of $1.44 billion, a P/E ratio of -41.34 and a beta of 1.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.46 and a current ratio of 2.04. Ducommun Incorporated has a 1 year low of $51.76 and a 1 year high of $101.47. The stock has a 50-day simple moving average of $92.59 and a 200-day simple moving average of $88.64.
Ducommun (NYSE:DCO - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Ducommun had a positive return on equity of 7.70% and a negative net margin of 4.29%.The firm had revenue of $212.56 million for the quarter, compared to analyst estimates of $211.41 million. During the same period in the previous year, the company posted $0.67 EPS. Ducommun's revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts predict that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on DCO shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Ducommun in a report on Monday. Wall Street Zen downgraded Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Monday, November 10th. Citigroup started coverage on Ducommun in a research report on Thursday. They set a "buy" rating and a $110.00 target price on the stock. Finally, Zacks Research raised Ducommun from a "strong sell" rating to a "hold" rating in a report on Monday. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Ducommun presently has a consensus rating of "Moderate Buy" and an average target price of $99.75.
Check Out Our Latest Analysis on Ducommun
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Cornerstone Planning Group LLC grew its position in shares of Ducommun by 6,725.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company's stock valued at $26,000 after buying an additional 269 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after acquiring an additional 297 shares during the period. Traub Capital Management LLC acquired a new position in Ducommun in the second quarter valued at approximately $35,000. Financial Consulate Inc. bought a new position in shares of Ducommun during the third quarter valued at approximately $48,000. Finally, CWM LLC raised its position in shares of Ducommun by 27.7% during the 2nd quarter. CWM LLC now owns 687 shares of the aerospace company's stock worth $57,000 after purchasing an additional 149 shares during the period. 92.15% of the stock is currently owned by institutional investors.
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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