Rose F. Rogers Sells 2,300 Shares of Ducommun Incorporated (NYSE:DCO) Stock

Ducommun Incorporated (NYSE:DCO) VP Rose F. Rogers sold 2,300 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $42.75, for a total value of $98,325.00. Following the sale, the vice president now directly owns 24,918 shares of the company’s stock, valued at $1,065,244.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Ducommun stock opened at $42.12 on Thursday. Ducommun Incorporated has a one year low of $33.30 and a one year high of $52.04. The company has a market cap of $490.45 million, a PE ratio of 21.17 and a beta of 0.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.46 and a current ratio of 2.29. The business has a 50-day simple moving average of $43.45 and a 200-day simple moving average of $43.93.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Monday, August 5th. The aerospace company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.11. Ducommun had a return on equity of 10.19% and a net margin of 2.97%. The business had revenue of $180.50 million during the quarter, compared to the consensus estimate of $167.92 million. During the same period in the previous year, the company posted $0.14 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. On average, sell-side analysts predict that Ducommun Incorporated will post 2.54 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Ducommun by 0.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,575 shares of the aerospace company’s stock worth $1,809,000 after buying an additional 300 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Ducommun during the second quarter worth about $25,000. Quantamental Technologies LLC acquired a new position in shares of Ducommun during the first quarter worth about $25,000. Bank of New York Mellon Corp grew its position in shares of Ducommun by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 41,542 shares of the aerospace company’s stock worth $1,873,000 after buying an additional 653 shares in the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of Ducommun during the fourth quarter worth about $25,000. 84.33% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on the company. SunTrust Banks downgraded Ducommun from a “buy” rating to a “hold” rating and set a $45.00 target price for the company. in a research report on Friday, June 14th. TheStreet raised Ducommun from a “c+” rating to a “b” rating in a research report on Tuesday, May 7th. ValuEngine downgraded Ducommun from a “buy” rating to a “hold” rating in a research report on Thursday, July 18th. Zacks Investment Research raised Ducommun from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research report on Thursday, August 8th. Finally, Sidoti downgraded Ducommun from a “buy” rating to a “neutral” rating and set a $53.00 target price for the company. in a research report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.80.

About Ducommun

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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