Key Points
- CEO Stephen Oswald sold 5,766 Ducommun shares for approximately $1.16 million at an average price of $201.15, reducing his holdings by 1.47%.
- Ducommun’s latest quarterly results exceeded expectations, with EPS of $1.18 versus a $0.98 consensus and revenue of $224.49 million, up 11% year over year.
- Analysts maintain a generally positive outlook, with the stock rated “Moderate Buy” and a consensus price target of $192.60; institutional investors own 92.15% of outstanding shares.
Ducommun Incorporated (NYSE:DCO - Get Free Report) CEO Stephen Oswald sold 5,766 shares of the company's stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total transaction of $1,159,830.90. Following the transaction, the chief executive officer owned 385,875 shares of the company's stock, valued at $77,618,756.25. This represents a 1.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Ducommun Trading Down 1.0%
Shares of NYSE:DCO opened at $199.31 on Friday. The company has a market cap of $3.01 billion, a PE ratio of -106.58 and a beta of 1.04. The company's 50-day moving average price is $175.43 and its 200 day moving average price is $147.56. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39.
Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping the consensus estimate of $0.98 by $0.20. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The firm had revenue of $224.49 million during the quarter, compared to analysts' expectations of $214.32 million. During the same quarter in the prior year, the firm earned $0.88 EPS. Ducommun's quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Ducommun Incorporated will post 4.19 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on DCO. Truist Financial increased their price objective on Ducommun from $150.00 to $209.00 and gave the stock a "buy" rating in a report on Thursday. Weiss Ratings lowered Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, August 4th. Wall Street Zen raised Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Royal Bank Of Canada raised their price target on Ducommun from $175.00 to $200.00 and gave the company a "sector performer" rating in a report on Friday, August 7th. Finally, The Goldman Sachs Group restated a "buy" rating on shares of Ducommun in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $192.60.
Check Out Our Latest Report on Ducommun
Hedge Funds Weigh In On Ducommun
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in shares of Ducommun during the 2nd quarter valued at $26,000. Optiver Holding B.V. acquired a new stake in shares of Ducommun in the first quarter valued at $27,000. EverSource Wealth Advisors LLC boosted its stake in Ducommun by 618.8% during the second 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 in the last quarter. State of Wyoming bought a new position in Ducommun during the first quarter valued at about $35,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ducommun during the first quarter worth about $56,000. 92.15% of the stock is owned by institutional investors.
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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