Jerry Redondo Sells 5,682 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCOGet Free Report) VP Jerry Redondo sold 5,682 shares of Ducommun stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $154.36, for a total value of $877,073.52. Following the completion of the transaction, the vice president owned 62,034 shares of the company’s stock, valued at $9,575,568.24. The trade was a 8.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Ducommun Stock Down 5.0%

Shares of DCO traded down $7.52 during midday trading on Friday, hitting $144.07. The company had a trading volume of 251,235 shares, compared to its average volume of 190,626. The company’s 50-day simple moving average is $134.05 and its 200-day simple moving average is $114.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.47 and a current ratio of 3.67. The firm has a market capitalization of $2.17 billion, a P/E ratio of -61.05 and a beta of 1.06. Ducommun Incorporated has a 1 year low of $66.24 and a 1 year high of $156.32.

Ducommun (NYSE:DCOGet Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.07. The business had revenue of $209.02 million during the quarter, compared to analysts’ expectations of $199.61 million. Ducommun had a positive return on equity of 8.41% and a negative net margin of 4.11%.The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.83 EPS. As a group, sell-side analysts expect that Ducommun Incorporated will post 4.01 EPS for the current year.

Analyst Ratings Changes

DCO has been the subject of several recent research reports. Wall Street Zen cut Ducommun from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada boosted their target price on Ducommun from $150.00 to $155.00 and gave the stock an “outperform” rating in a research note on Wednesday. Citigroup decreased their target price on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. The Goldman Sachs Group boosted their target price on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research note on Monday, April 20th. Finally, Truist Financial upgraded Ducommun to a “strong-buy” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $154.00.

View Our Latest Stock Report on Ducommun

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Ducommun by 2.3% during the fourth 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. State Street Corp increased its position in Ducommun by 10.4% during the fourth quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock worth $63,829,000 after buying an additional 63,070 shares during the period. Geode Capital Management LLC increased its position in Ducommun by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock worth $31,720,000 after buying an additional 5,899 shares during the period. GW&K Investment Management LLC increased its position in Ducommun by 2.0% during the fourth quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock worth $30,420,000 after buying an additional 6,192 shares during the period. Finally, Alliancebernstein L.P. increased its position in Ducommun by 5.4% during the third quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock worth $30,711,000 after buying an additional 16,501 shares during the period. Hedge funds and other institutional investors 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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