Ducommun Incorporated (NYSE:DCO) VP Jerry L. Redondo Sells 770 Shares

Ducommun Incorporated (NYSE:DCO) VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the transaction, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Ducommun Stock Up 3.2 %

Ducommun stock traded up $2.03 during mid-day trading on Thursday, reaching $64.65. The stock had a trading volume of 60,222 shares, compared to its average volume of 84,507. The company has a market capitalization of $951.39 million, a price-to-earnings ratio of 52.62 and a beta of 1.38. The company has a 50-day moving average price of $59.72 and a two-hundred day moving average price of $55.08. Ducommun Incorporated has a one year low of $42.31 and a one year high of $66.13. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.99 and a quick ratio of 1.88.

Ducommun (NYSE:DCO) last announced its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.20. The company had revenue of $197.00 million for the quarter, compared to analysts’ expectations of $194.57 million. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. Ducommun’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. On average, analysts expect that Ducommun Incorporated will post 2.73 EPS for the current fiscal year.

Hedge Funds Weigh In On Ducommun

A number of hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its position 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 worth $100,000 after buying an additional 1,673 shares during the last quarter. EntryPoint Capital LLC raised its position 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 buying an additional 1,914 shares during the last quarter. Arizona State Retirement System purchased a new position in Ducommun in the 2nd quarter worth about $202,000. State Board of Administration of Florida Retirement System purchased a new position in Ducommun in the 1st quarter worth about $274,000. Finally, Levin Capital Strategies L.P. purchased a new position in Ducommun in the 2nd quarter worth about $305,000. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. StockNews.com cut shares of Ducommun from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Truist Financial restated a “buy” rating and set a $72.00 target price (up previously from $65.00) on shares of Ducommun in a report on Friday, August 9th. Finally, The Goldman Sachs Group upgraded shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their target price for the company from $64.00 to $80.00 in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

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.