Key Points
- Ducommun VP Laureen Gonzalez sold 589 shares on May 28 at an average price of $151.99, totaling about $89,522. After the sale, she still held 11,172 shares valued at roughly $1.7 million.
- The stock was little changed, opening around $151.93 and trading near its 52-week high of $156.32. Ducommun’s shares have risen well above both their 50-day and 200-day moving averages.
- Recent results and analyst sentiment remain positive: Ducommun beat quarterly EPS and revenue estimates, and several analysts have raised price targets. The stock now carries a consensus rating of Moderate Buy with a $162 average target.
Ducommun Incorporated (NYSE:DCO - Get Free Report) VP Laureen Gonzalez sold 589 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the transaction, the vice president owned 11,172 shares of the company's stock, valued at approximately $1,698,032.28. This represents a 5.01% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Ducommun Trading Down 0.2%
Shares of DCO stock opened at $151.93 on Friday. Ducommun Incorporated has a 52-week low of $68.76 and a 52-week high of $156.32. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -64.37 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.59 and a current ratio of 3.67. The firm has a fifty day moving average of $137.85 and a 200-day moving average of $118.44.
Ducommun (NYSE:DCO - Get Free Report) last issued its earnings results on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.68 by $0.07. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The business had revenue of $209.02 million during the quarter, compared to analysts' expectations of $199.61 million. During the same period in the prior year, the firm posted $0.83 EPS. Ducommun's quarterly revenue was up 7.7% compared to the same quarter last year. On average, equities research analysts forecast that Ducommun Incorporated will post 4.07 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group increased their target price on Ducommun from $134.00 to $151.00 and gave the stock a "buy" rating in a report on Monday, April 20th. B. Riley Financial increased their target price on shares of Ducommun from $155.00 to $187.00 and gave the stock a "buy" rating in a research report on Wednesday, May 13th. Citigroup increased their target price on shares of Ducommun from $141.00 to $167.00 and gave the stock a "buy" rating in a research report on Monday, May 18th. Royal Bank Of Canada increased their target price on shares of Ducommun from $150.00 to $155.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 13th. Finally, Truist Financial increased their target price on shares of Ducommun from $136.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, Ducommun has a consensus rating of "Moderate Buy" and a consensus price target of $162.00.
View Our Latest Research Report on Ducommun
Institutional Investors Weigh In On Ducommun
A number of hedge funds and other institutional investors have recently bought and sold shares of DCO. Cornerstone Planning Group LLC increased its holdings in 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 purchasing an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in 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 acquiring an additional 297 shares in the last quarter. State of Wyoming acquired a new stake in Ducommun in the 1st quarter valued at about $35,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Ducommun in the 1st quarter valued at about $56,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Ducommun in the 3rd quarter valued at about $63,000. 92.15% of the stock is owned by institutional investors and hedge funds.
About Ducommun
(
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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