Ducommun (NYSE:DCO) VP Laureen Gonzalez Sells 589 Shares of Stock

Ducommun Incorporated (NYSE:DCO) VP Laureen Gonzalez sold 589 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $151.99, for a total transaction of $89,522.11. Following the completion of the sale, the vice president owned 11,172 shares of the company’s stock, valued at $1,698,032.28. The trade was a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Ducommun Price Performance

Shares of Ducommun stock opened at $151.93 on Friday. The firm has a fifty day simple moving average of $137.85 and a 200-day simple moving average of $118.44. The company has a current ratio of 3.67, a quick ratio of 2.59 and a debt-to-equity ratio of 0.44. Ducommun Incorporated has a 1-year low of $68.76 and a 1-year high of $156.32. The stock has a market capitalization of $2.29 billion, a price-to-earnings ratio of -64.37 and a beta of 1.06.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Tuesday, May 12th. The aerospace company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.07. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.41%. The business had revenue of $209.02 million during the quarter, compared to analysts’ expectations of $199.61 million. During the same period in the previous year, the company earned $0.83 earnings per share. Ducommun’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts expect that Ducommun Incorporated will post 4.07 earnings per share for the current year.

Hedge Funds Weigh In On Ducommun

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Ducommun by 18.5% in the 1st quarter. Bank of America Corp DE now owns 50,637 shares of the aerospace company’s stock valued at $6,178,000 after acquiring an additional 7,922 shares in the last quarter. Parvin Asset Management LLC raised its holdings in Ducommun by 8.9% in the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company’s stock valued at $163,000 after acquiring an additional 110 shares in the last quarter. California State Teachers Retirement System raised its holdings in Ducommun by 32.6% in the 1st quarter. California State Teachers Retirement System now owns 17,985 shares of the aerospace company’s stock valued at $2,194,000 after acquiring an additional 4,419 shares in the last quarter. Quantinno Capital Management LP raised its holdings in Ducommun by 10.6% in the 1st quarter. Quantinno Capital Management LP now owns 5,019 shares of the aerospace company’s stock valued at $612,000 after acquiring an additional 481 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Ducommun in the 1st quarter valued at approximately $56,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wall Street Zen cut Ducommun from a “buy” rating to a “hold” rating in a research report on Monday, May 25th. Citigroup boosted their price objective on Ducommun from $141.00 to $167.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Truist Financial boosted their price objective on Ducommun from $136.00 to $150.00 and gave the stock a “buy” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price objective on Ducommun from $134.00 to $151.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Finally, Royal Bank Of Canada upped their target price on shares of Ducommun from $150.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.00.

About Ducommun

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.