Stephen Oswald Sells 2,500 Shares of Ducommun (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen Oswald sold 2,500 shares of Ducommun stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the sale, the chief executive officer owned 383,864 shares in the company, valued at $78,289,062.80. This represents a 0.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Ducommun Stock Down 5.9%

Ducommun stock opened at $188.31 on Friday. The company has a market capitalization of $2.84 billion, a P/E ratio of -100.70 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. Ducommun Incorporated has a fifty-two week low of $84.76 and a fifty-two week high of $210.39. The stock has a 50-day simple moving average of $180.02 and a 200-day simple moving average of $150.70.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.98 by $0.20. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The firm had revenue of $224.49 million for the quarter, compared to the consensus estimate of $214.32 million. During the same quarter last year, the business posted $0.88 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities research analysts expect that Ducommun Incorporated will post 4.26 earnings per share for the current year.

Institutional Trading of Ducommun

Large investors have recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC increased its position in shares of Ducommun by 185.9% in the second quarter. Susquehanna Fundamental Investments LLC now owns 7,585 shares of the aerospace company’s stock valued at $1,405,000 after buying an additional 4,932 shares in the last quarter. Moore Capital Management LP purchased a new stake in shares of Ducommun in the 2nd quarter worth about $44,236,000. Sigma Planning Corp purchased a new stake in shares of Ducommun in the 2nd quarter worth about $201,000. Penn Capital Management Company LLC grew its stake in Ducommun by 591.6% in the 2nd quarter. Penn Capital Management Company LLC now owns 84,906 shares of the aerospace company’s stock valued at $15,754,000 after acquiring an additional 72,630 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ducommun by 7.9% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 33,184 shares of the aerospace company’s stock valued at $6,146,000 after acquiring an additional 2,435 shares in the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DCO shares. Zacks Research upgraded Ducommun from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen upgraded shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Ducommun in a research note on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of Ducommun from $175.00 to $200.00 and gave the company a “sector performer” rating in a report on Friday, August 7th. Finally, Weiss Ratings downgraded shares of Ducommun from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Ducommun presently has an average rating of “Moderate Buy” and a consensus target price of $192.60.

Ducommun Company Profile

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.