Ducommun Incorporated (NYSE:DCO) VP Rose F. Rogers Sells 1,231 Shares

Ducommun Incorporated (NYSE:DCO) VP Rose F. Rogers sold 1,231 shares of Ducommun stock in a transaction dated Tuesday, June 8th. The shares were sold at an average price of $56.57, for a total transaction of $69,637.67. Following the transaction, the vice president now directly owns 37,722 shares of the company’s stock, valued at $2,133,933.54. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

DCO opened at $55.35 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.99 and a current ratio of 3.03. The company has a market capitalization of $655.90 million, a P/E ratio of 23.86 and a beta of 1.59. The business’s 50 day simple moving average is $57.31. Ducommun Incorporated has a fifty-two week low of $30.45 and a fifty-two week high of $65.40.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Tuesday, May 4th. The aerospace company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). The firm had revenue of $157.15 million for the quarter, compared to analyst estimates of $157.21 million. Ducommun had a net margin of 4.56% and a return on equity of 9.82%. As a group, equities analysts anticipate that Ducommun Incorporated will post 2.78 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. US Bancorp DE grew its holdings in Ducommun by 119.6% during the fourth quarter. US Bancorp DE now owns 1,100 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 599 shares during the period. Cove Street Capital LLC boosted its holdings in Ducommun by 40.0% during the fourth quarter. Cove Street Capital LLC now owns 1,400 shares of the aerospace company’s stock worth $75,000 after purchasing an additional 400 shares during the last quarter. Schroder Investment Management Group acquired a new position in Ducommun during the fourth quarter worth $136,000. SG Americas Securities LLC acquired a new position in Ducommun during the fourth quarter worth $189,000. Finally, Price T Rowe Associates Inc. MD bought a new stake in Ducommun during the first quarter worth $218,000. Hedge funds and other institutional investors own 83.34% of the company’s stock.

A number of equities analysts have weighed in on the stock. B. Riley boosted their target price on shares of Ducommun from $60.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. Canaccord Genuity reaffirmed a “buy” rating on shares of Ducommun in a research note on Wednesday, May 5th. Finally, Zacks Investment Research downgraded shares of Ducommun from a “buy” rating to a “hold” rating in a research note on Wednesday, May 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $60.00.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-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, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

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