Insider Selling: Ducommun Incorporated (NYSE:DCO) CEO Sells $116,460.00 in Stock

Ducommun Incorporated (NYSE:DCO) CEO Stephen G. Oswald sold 2,000 shares of Ducommun stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $58.23, for a total transaction of $116,460.00. Following the completion of the sale, the chief executive officer now owns 347,539 shares of the company’s stock, valued at $20,237,195.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Ducommun Stock Performance

Shares of DCO stock opened at $57.39 on Friday. The stock has a market cap of $844.78 million, a PE ratio of 48.23 and a beta of 1.36. Ducommun Incorporated has a 52-week low of $42.31 and a 52-week high of $60.00. The business has a 50-day simple moving average of $56.89 and a 200-day simple moving average of $52.79. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39.

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

Institutional Investors Weigh In On Ducommun

Institutional investors have recently modified their holdings of the business. Covestor Ltd boosted its position in Ducommun by 33.9% during the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 274 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Ducommun by 658.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after acquiring an additional 1,673 shares during the period. EntryPoint Capital LLC increased its holdings in Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 1,914 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in Ducommun during the first quarter worth $274,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Ducommun during the first quarter valued at $295,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.