Ducommun Incorporated (NYSE:DCO) Director Robert C. Ducommun sold 415 shares of the company’s stock in a transaction on Monday, December 3rd. The shares were sold at an average price of $40.29, for a total transaction of $16,720.35. Following the completion of the transaction, the director now owns 406,585 shares of the company’s stock, valued at $16,381,309.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
NYSE DCO opened at $37.50 on Friday. Ducommun Incorporated has a 12 month low of $25.52 and a 12 month high of $45.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.49 and a current ratio of 2.34. The firm has a market cap of $428.46 million, a price-to-earnings ratio of 28.20 and a beta of 1.12.
Ducommun (NYSE:DCO) last posted its quarterly earnings data on Monday, November 5th. The aerospace company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.14). Ducommun had a net margin of 2.94% and a return on equity of 7.29%. The company had revenue of $159.80 million for the quarter, compared to the consensus estimate of $153.04 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue was up 15.0% compared to the same quarter last year. On average, research analysts expect that Ducommun Incorporated will post 1.84 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. boosted its stake in Ducommun by 215.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,945 shares of the aerospace company’s stock valued at $160,000 after acquiring an additional 2,696 shares during the last quarter. Alliancebernstein L.P. bought a new position in Ducommun during the 3rd quarter valued at $237,000. Algert Global LLC bought a new position in Ducommun during the 3rd quarter valued at $262,000. MetLife Investment Advisors LLC boosted its stake in Ducommun by 49.7% during the 3rd quarter. MetLife Investment Advisors LLC now owns 8,918 shares of the aerospace company’s stock valued at $364,000 after acquiring an additional 2,959 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in Ducommun by 18.5% during the 2nd quarter. First Trust Advisors LP now owns 11,738 shares of the aerospace company’s stock valued at $388,000 after acquiring an additional 1,836 shares during the last quarter. Hedge funds and other institutional investors own 78.84% of the company’s stock.
Several brokerages have recently weighed in on DCO. Zacks Investment Research downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Noble Financial restated a “buy” rating and issued a $42.00 target price on shares of Ducommun in a research note on Wednesday, September 26th. TheStreet upgraded shares of Ducommun from a “c” rating to a “b-” rating in a research note on Monday, November 26th. Finally, Canaccord Genuity upped their target price on shares of Ducommun from $44.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, November 14th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Ducommun presently has an average rating of “Buy” and an average target price of $43.00.
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Ducommun Company Profile
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.
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