Ducommun Incorporated (NYSE:DCO) CEO Stephen G. Oswald Sells 2,000 Shares of Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen G. Oswald sold 2,000 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $58.23, for a total value of $116,460.00. Following the transaction, the chief executive officer now directly owns 347,539 shares in the company, valued at approximately $20,237,195.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ducommun Stock Down 1.7 %

DCO opened at $56.76 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.99 and a quick ratio of 1.88. Ducommun Incorporated has a 12 month low of $42.31 and a 12 month high of $60.00. The stock has a market capitalization of $835.51 million, a P/E ratio of 47.70 and a beta of 1.36. The business has a 50 day simple moving average of $56.67 and a 200-day simple moving average of $52.72.

Ducommun (NYSE:DCO) last released its earnings results on Wednesday, May 8th. The aerospace company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The company had revenue of $190.90 million during the quarter, compared to the consensus estimate of $189.20 million. During the same quarter last year, the company earned $0.63 earnings per share. Ducommun’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts anticipate that Ducommun Incorporated will post 2.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DCO has been the topic of several analyst reports. The Goldman Sachs Group lifted their target price on Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $65.20.

Institutional Trading of Ducommun

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bragg Financial Advisors Inc raised its holdings in Ducommun by 0.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock valued at $5,216,000 after acquiring an additional 260 shares during the last quarter. Covestor Ltd increased its stake in Ducommun by 33.9% in the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock valued at $47,000 after purchasing an additional 274 shares during the last quarter. Franklin Resources Inc. increased its stake in Ducommun by 0.7% in the fourth quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company’s stock valued at $3,567,000 after purchasing an additional 500 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Ducommun by 2.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock worth $1,274,000 after buying an additional 553 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Ducommun by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after buying an additional 584 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.