Jerry Redondo Sells 1,594 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) VP Jerry Redondo sold 1,594 shares of Ducommun stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $93.83, for a total value of $149,565.02. Following the completion of the transaction, the vice president owned 67,269 shares in the company, valued at approximately $6,311,850.27. This represents a 2.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Ducommun Trading Down 4.8%

Shares of DCO stock opened at $91.42 on Friday. The business has a 50-day moving average of $93.84 and a 200 day moving average of $85.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.24 and a quick ratio of 2.17. Ducommun Incorporated has a 1-year low of $51.76 and a 1-year high of $101.47. The stock has a market capitalization of $1.36 billion, a PE ratio of 34.76 and a beta of 1.38.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, November 6th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. Ducommun had a return on equity of 7.61% and a net margin of 5.03%.The business had revenue of $212.56 million for the quarter, compared to analysts’ expectations of $211.41 million. During the same period in the previous year, the firm earned $0.67 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DCO. Royal Bank Of Canada increased their price target on shares of Ducommun from $95.00 to $100.00 and gave the company an “outperform” rating in a research report on Friday, August 8th. Wall Street Zen lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a report on Monday. Zacks Research cut Ducommun from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Weiss Ratings downgraded Ducommun from a “buy (b-)” rating to a “hold (c-)” rating in a report on Friday, November 7th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.50.

Institutional Investors Weigh In On Ducommun

Several institutional investors and hedge funds have recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its stake in Ducommun by 3.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock worth $311,000 after purchasing an additional 117 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in Ducommun by 0.9% in the second quarter. Panagora Asset Management Inc. now owns 13,027 shares of the aerospace company’s stock worth $1,076,000 after buying an additional 119 shares during the last quarter. CWM LLC lifted its stake in shares of Ducommun by 27.7% in the second quarter. CWM LLC now owns 687 shares of the aerospace company’s stock worth $57,000 after buying an additional 149 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Ducommun by 3.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock valued at $414,000 after buying an additional 155 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Ducommun by 7.3% during the third quarter. PNC Financial Services Group Inc. now owns 2,414 shares of the aerospace company’s stock valued at $232,000 after buying an additional 164 shares during the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Company Profile

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.