Ducommun Incorporated (NYSE:DCO) Director Robert C. Ducommun Sells 1,000 Shares

Ducommun Incorporated (NYSE:DCO) Director Robert C. Ducommun sold 1,000 shares of Ducommun stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the sale, the director now directly owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Ducommun Trading Down 5.9 %

Shares of DCO opened at $63.56 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. Ducommun Incorporated has a 12 month low of $47.53 and a 12 month high of $70.50. The stock’s 50-day moving average is $64.81 and its two-hundred day moving average is $62.38. The stock has a market cap of $939.42 million, a PE ratio of 31.94 and a beta of 1.41.

Institutional Investors Weigh In On Ducommun

A number of large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Ducommun by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after purchasing an additional 6,869 shares in the last quarter. Annex Advisory Services LLC lifted its holdings in Ducommun by 12.5% during the 2nd quarter. Annex Advisory Services LLC now owns 21,012 shares of the aerospace company’s stock worth $1,220,000 after buying an additional 2,340 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its position in shares of Ducommun by 52.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 8,746 shares of the aerospace company’s stock worth $508,000 after acquiring an additional 3,005 shares in the last quarter. Easterly Investment Partners LLC bought a new position in shares of Ducommun in the 2nd quarter worth about $656,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Ducommun by 11.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 50,875 shares of the aerospace company’s stock worth $2,954,000 after purchasing an additional 5,359 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DCO has been the subject of several recent analyst reports. StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Truist Financial upped their price objective on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Finally, The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and boosted their price target for the company from $64.00 to $80.00 in a research report on Tuesday, August 13th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $73.00.

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.