Key Points
- Ducommun CEO Stephen Oswald sold 2,500 shares at an average price of $203.95, totaling $509,875. He retains 383,864 shares valued at approximately $78.3 million.
- Ducommun shares opened at $199.99 after declining 2.1%; the stock has traded between $84.76 and $210.39 over the past year.
- The company exceeded quarterly expectations, reporting $1.18 in EPS versus a $0.98 estimate and revenue of $224.49 million, up 11% year over year. Analysts give the stock a “Moderate Buy” consensus rating with an average price target of $192.60.
Ducommun Incorporated (NYSE:DCO - Get Free Report) CEO Stephen Oswald sold 2,500 shares of Ducommun stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $203.95, for a total value of $509,875.00. Following the completion of the transaction, the chief executive officer directly owned 383,864 shares of the company's stock, valued at approximately $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Ducommun Stock Down 2.1%
Shares of NYSE:DCO opened at $199.99 on Thursday. The firm has a market capitalization of $3.02 billion, a PE ratio of -106.94 and a beta of 1.04. Ducommun Incorporated has a 1 year low of $84.76 and a 1 year high of $210.39. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.36 and a quick ratio of 2.38. The firm's 50-day moving average is $179.55 and its two-hundred day moving average is $150.17.
Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, beating the consensus estimate of $0.98 by $0.20. The business had revenue of $224.49 million during the quarter, compared to analyst estimates of $214.32 million. Ducommun had a negative net margin of 3.10% and a positive return on equity of 9.20%. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. Analysts predict that Ducommun Incorporated will post 4.26 EPS for the current year.
Analysts Set New Price Targets
DCO has been the subject of several recent research reports. Citigroup reissued a "buy" rating on shares of Ducommun in a research report on Wednesday, August 12th. Wall Street Zen raised Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Royal Bank Of Canada increased their price objective on Ducommun from $175.00 to $200.00 and gave the company a "sector performer" rating in a research note on Friday, August 7th. B. Riley Financial reiterated a "buy" rating on shares of Ducommun in a report on Friday, August 7th. Finally, Zacks Research raised Ducommun from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $192.60.
Check Out Our Latest Stock Analysis on Ducommun
Hedge Funds Weigh In On Ducommun
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Ducommun by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company's stock worth $80,134,000 after purchasing an additional 19,143 shares during the last quarter. Meros Investment Management LP raised its holdings in shares of Ducommun by 4.8% in the fourth quarter. Meros Investment Management LP now owns 174,485 shares of the aerospace company's stock worth $16,599,000 after acquiring an additional 7,945 shares during the last quarter. Hsbc Holdings PLC raised its holdings in shares of Ducommun by 124.9% in the first quarter. Hsbc Holdings PLC now owns 13,091 shares of the aerospace company's stock worth $1,569,000 after acquiring an additional 7,269 shares during the last quarter. Calamos Advisors LLC purchased a new stake in shares of Ducommun in the first quarter valued at $960,000. Finally, B. Metzler seel. Sohn & Co. AG purchased a new stake in shares of Ducommun in the fourth quarter valued at $1,786,000. Institutional investors and hedge funds own 92.15% of the company's stock.
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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