Ducommun Incorporated (NYSE:DCO) Director Robert C. Ducommun sold 600 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $46.62, for a total transaction of $27,972.00. Following the completion of the transaction, the director now owns 404,115 shares of the company’s stock, valued at $18,839,841.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of DCO stock opened at $42.30 on Friday. Ducommun Incorporated has a 12 month low of $33.30 and a 12 month high of $52.04. The stock has a market cap of $487.72 million, a PE ratio of 21.26 and a beta of 0.76. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average price is $42.74 and its 200-day moving average price is $44.01.
Ducommun (NYSE:DCO) last announced its quarterly earnings results on Monday, August 5th. The aerospace company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. The company had revenue of $180.50 million for the quarter, compared to analysts’ expectations of $167.92 million. Ducommun had a net margin of 2.97% and a return on equity of 10.19%. Ducommun’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 EPS. On average, sell-side analysts forecast that Ducommun Incorporated will post 2.54 earnings per share for the current fiscal year.
Several research analysts have commented on DCO shares. ValuEngine downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th. Noble Financial raised shares of Ducommun from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a research note on Tuesday, August 6th. SunTrust Banks downgraded shares of Ducommun from a “buy” rating to a “hold” rating and set a $45.00 target price on the stock. in a research note on Friday, June 14th. Finally, Zacks Investment Research raised shares of Ducommun from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $49.20.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Atria Investments LLC bought a new position in Ducommun during the 2nd quarter valued at about $364,000. Griffin Asset Management Inc. purchased a new stake in shares of Ducommun during the 2nd quarter valued at about $65,000. United Services Automobile Association increased its position in shares of Ducommun by 4.0% during the 2nd quarter. United Services Automobile Association now owns 18,274 shares of the aerospace company’s stock valued at $824,000 after purchasing an additional 700 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Ducommun during the 2nd quarter valued at about $5,478,000. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Ducommun in the 2nd quarter worth approximately $270,000. Institutional investors and hedge funds own 83.60% of the company’s stock.
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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