Key Points
- Director Richard Baldridge sold 10,440 shares on March 10 at an average price of $130.83 for approximately $1,365,865, reducing his direct stake by 34.18% to 20,100 shares.
- Ducommun beat EPS estimates for the quarter with $1.05 EPS vs. $0.91 expected and revenue of $215.8 million (up 9.4% year‑over‑year), though the company reported a negative net margin of 4.11% while maintaining an 8.47% return on equity.
- The stock (market cap ~$1.89B) trades near $125.93 and carries a consensus "Moderate Buy" rating with an average price target of $140.25 after recent price-target increases from firms including Goldman Sachs and RBC.
Ducommun Incorporated (NYSE:DCO - Get Free Report) 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 transaction of $1,365,865.20. Following the completion of the sale, the director directly owned 20,100 shares in the company, valued at approximately $2,629,683. This represents a 34.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Ducommun Stock Up 0.2%
Shares of DCO traded up $0.25 during midday trading on Friday, reaching $125.93. The stock had a trading volume of 85,100 shares, compared to its average volume of 165,312. The company has a market cap of $1.89 billion, a price-to-earnings ratio of -54.44 and a beta of 1.03. The company's fifty day simple moving average is $118.60 and its two-hundred day simple moving average is $101.94. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year 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 - Get Free Report) last issued its earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping analysts' consensus estimates 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%. The company's revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. Equities research analysts expect that Ducommun Incorporated will post 3.21 earnings per share for the current year.
Hedge Funds Weigh In On Ducommun
Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC raised its position in Ducommun by 16.4% in 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 last quarter. Envestnet Asset Management Inc. increased its stake in Ducommun by 3.8% in the third quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company's stock valued at $311,000 after purchasing an additional 117 shares during the period. Panagora Asset Management Inc. raised its holdings in shares of Ducommun by 0.9% in the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company's stock valued at $1,076,000 after buying an additional 119 shares during the last quarter. Ameriprise Financial Inc. increased its position in Ducommun by 2.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company's stock valued at $657,000 after acquiring an additional 153 shares during the period. Finally, The Manufacturers Life Insurance Company raised its stake in Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company's stock valued at $414,000 after acquiring an additional 155 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on DCO shares. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Ducommun in a research report on Monday, December 29th. Wall Street Zen cut Ducommun from a "strong-buy" rating to a "buy" rating in a research note on Sunday, February 15th. The Goldman Sachs Group upped their price target on Ducommun from $117.00 to $132.00 and gave the company a "buy" rating in a report on Tuesday, January 20th. Zacks Research upgraded shares of Ducommun from a "strong sell" rating to a "hold" rating in a research note on Monday, December 8th. Finally, Royal Bank Of Canada boosted their price objective on shares of Ducommun from $142.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, Ducommun presently has an average rating of "Moderate Buy" and a consensus price target of $140.25.
Check Out Our Latest Stock Analysis on DCO
Ducommun Company Profile
(
Get Free Report)
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.
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