Jerry L. Redondo Sells 3,300 Shares of Ducommun Incorporated (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) VP Jerry L. Redondo sold 3,300 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the completion of the transaction, the vice president now directly owns 63,826 shares of the company’s stock, valued at approximately $3,873,599.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Ducommun Trading Up 3.2 %

Shares of Ducommun stock opened at $64.65 on Friday. The firm has a market capitalization of $951.39 million, a price-to-earnings ratio of 54.33 and a beta of 1.38. Ducommun Incorporated has a fifty-two week low of $42.31 and a fifty-two week high of $66.13. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. The stock has a 50 day moving average of $59.84 and a 200 day moving average of $55.15.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.20. The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $194.57 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The firm’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. As a group, research analysts predict that Ducommun Incorporated will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. grew its position in Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after acquiring an additional 1,673 shares during the period. EntryPoint Capital LLC boosted its position in shares of Ducommun by 323.9% during the first quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after buying an additional 1,914 shares during the period. Arizona State Retirement System purchased a new position in shares of Ducommun during the second quarter worth $202,000. State Board of Administration of Florida Retirement System purchased a new position in shares of Ducommun during the first quarter worth $274,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in shares of Ducommun during the first quarter worth $295,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on DCO shares. Truist Financial reaffirmed a “buy” rating and issued a $72.00 price target (up previously from $65.00) on shares of Ducommun in a report on Friday, August 9th. StockNews.com cut Ducommun from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and increased their target price for the company from $64.00 to $80.00 in a report on Tuesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Ducommun has a consensus rating of “Moderate Buy” and a consensus target price of $71.00.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing services for products and applications used primarily in the aerospace and defense, industrial, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning diversion strips, surge suppressors, conformal shields, and other assemblies.