Key Points
- Ducommun VP Rajiv Tata sold 1,612 shares on May 20 at an average price of $145.00, generating about $233,740. After the sale, he still held 33,171 shares, a 4.63% reduction in his position.
- The company reported stronger-than-expected quarterly results, posting earnings of $0.75 per share versus the $0.68 estimate and revenue of $209.02 million, up 7.7% year over year.
- Analyst sentiment remains positive, with several firms raising price targets and ratings; Ducommun currently carries an average “Moderate Buy” rating and a consensus price target of $159.20.
Ducommun Incorporated (NYSE:DCO - Get Free Report) VP Rajiv Tata sold 1,612 shares of the business's stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $145.00, for a total transaction of $233,740.00. Following the completion of the transaction, the vice president owned 33,171 shares of the company's stock, valued at $4,809,795. This trade represents a 4.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ducommun Stock Performance
DCO stock opened at $143.82 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.59. The company has a 50 day moving average price of $134.93 and a 200 day moving average price of $115.84. Ducommun Incorporated has a fifty-two week low of $66.24 and a fifty-two week high of $156.32. The stock has a market capitalization of $2.17 billion, a PE ratio of -60.94 and a beta of 1.06.
Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The firm had revenue of $209.02 million during the quarter, compared to analysts' expectations of $199.61 million. During the same quarter in the previous year, the company posted $0.83 EPS. Ducommun's revenue was up 7.7% on a year-over-year basis. Analysts forecast that Ducommun Incorporated will post 4.16 EPS for the current year.
Institutional Trading of Ducommun
A number of institutional investors have recently bought and sold shares of DCO. Cornerstone Planning Group LLC grew its holdings in shares of Ducommun by 6,725.0% in 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 period. State of Wyoming acquired a new position in shares of Ducommun in the 1st quarter valued at $35,000. EverSource Wealth Advisors LLC grew its holdings in shares of Ducommun by 618.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company's stock valued at $29,000 after buying an additional 297 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Ducommun in the 1st quarter valued at $56,000. Finally, KBC Group NV acquired a new position in shares of Ducommun in the 1st quarter valued at $71,000. Institutional investors and hedge funds own 92.15% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have commented on DCO. B. Riley Financial lifted their target price on shares of Ducommun from $155.00 to $187.00 and gave the stock a "buy" rating in a report on Wednesday, May 13th. Wall Street Zen raised shares of Ducommun from a "hold" rating to a "buy" rating in a report on Sunday. Citigroup lifted their target price on shares of Ducommun from $141.00 to $167.00 and gave the stock a "buy" rating in a report on Monday. Truist Financial raised shares of Ducommun to a "strong-buy" rating in a report on Friday, May 1st. Finally, Royal Bank Of Canada lifted their target price on shares of Ducommun from $150.00 to $155.00 and gave the stock an "outperform" rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Ducommun has an average rating of "Moderate Buy" and an average price target of $159.20.
Read Our Latest Stock Report on Ducommun
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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