Ducommun Incorporated (NYSE:DCO) Director Robert C. Ducommun sold 5,000 shares of Ducommun stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $40.76, for a total value of $203,800.00. Following the sale, the director now directly owns 413,745 shares in the company, valued at approximately $16,864,246.20. The sale was disclosed in a document filed with the SEC, which is available at this link.
DCO stock traded down $0.45 during trading on Friday, hitting $39.15. The company had a trading volume of 430 shares, compared to its average volume of 30,392. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.38 and a quick ratio of 1.54. The firm has a market cap of $464.61 million, a price-to-earnings ratio of 29.62 and a beta of 0.96. Ducommun Incorporated has a fifty-two week low of $25.06 and a fifty-two week high of $41.24.
Ducommun (NYSE:DCO) last announced its quarterly earnings results on Monday, August 6th. The aerospace company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.17). The company had revenue of $154.83 million during the quarter, compared to analyst estimates of $148.53 million. Ducommun had a net margin of 3.13% and a return on equity of 6.87%. Ducommun’s quarterly revenue was up 9.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 EPS. research analysts anticipate that Ducommun Incorporated will post 1.66 earnings per share for the current year.
Several brokerages have recently weighed in on DCO. Noble Financial raised Ducommun from a “hold” rating to a “buy” rating and set a $42.00 price objective on the stock in a report on Tuesday, August 7th. Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. ValuEngine raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, May 26th. Canaccord Genuity lifted their price objective on Ducommun from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, May 21st. Finally, B. Riley lifted their price objective on Ducommun from $39.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Six equities research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and a consensus price target of $40.20.
Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Ducommun by 165.7% in the 1st quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock valued at $205,000 after buying an additional 4,216 shares in the last quarter. Royce & Associates LP boosted its stake in Ducommun by 7.6% in the 2nd quarter. Royce & Associates LP now owns 311,090 shares of the aerospace company’s stock valued at $10,294,000 after buying an additional 22,004 shares in the last quarter. California Public Employees Retirement System boosted its stake in Ducommun by 12.3% in the 1st quarter. California Public Employees Retirement System now owns 40,860 shares of the aerospace company’s stock valued at $1,241,000 after buying an additional 4,460 shares in the last quarter. IndexIQ Advisors LLC boosted its stake in Ducommun by 7.8% in the 2nd quarter. IndexIQ Advisors LLC now owns 72,001 shares of the aerospace company’s stock valued at $2,383,000 after buying an additional 5,179 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Ducommun by 23.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 27,228 shares of the aerospace company’s stock valued at $828,000 after buying an additional 5,228 shares in the last quarter. 80.26% of the stock is currently owned by institutional investors and hedge funds.
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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