Insider Selling: Ducommun Incorporated (NYSE:DCO) VP Sells 2,700 Shares of Stock

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Ducommun Incorporated (NYSE:DCO) VP Rose F. Rogers sold 2,700 shares of Ducommun stock in a transaction dated Tuesday, May 29th. The shares were sold at an average price of $34.32, for a total value of $92,664.00. Following the completion of the transaction, the vice president now directly owns 18,510 shares in the company, valued at $635,263.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Shares of NYSE:DCO traded up $0.19 during mid-day trading on Friday, hitting $33.82. 80,587 shares of the company traded hands, compared to its average volume of 28,022. The company has a market cap of $382.76 million, a P/E ratio of 24.02 and a beta of 0.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.63 and a current ratio of 2.47. Ducommun Incorporated has a 52-week low of $25.06 and a 52-week high of $35.89.

Ducommun (NYSE:DCO) last announced its earnings results on Thursday, May 10th. The aerospace company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.23 by $0.02. The business had revenue of $150.46 million for the quarter, compared to the consensus estimate of $143.23 million. Ducommun had a return on equity of 6.92% and a net margin of 3.59%. The company’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. analysts predict that Ducommun Incorporated will post 1.59 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. MetLife Investment Advisors LLC purchased a new stake in Ducommun during the 4th quarter worth approximately $170,000. JPMorgan Chase & Co. increased its holdings in Ducommun by 165.7% during the 1st quarter. JPMorgan Chase & Co. now owns 6,760 shares of the aerospace company’s stock worth $205,000 after purchasing an additional 4,216 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Ducommun during the 1st quarter worth approximately $210,000. Mackenzie Financial Corp increased its holdings in Ducommun by 42.4% during the 4th quarter. Mackenzie Financial Corp now owns 10,171 shares of the aerospace company’s stock worth $289,000 after purchasing an additional 3,030 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new stake in Ducommun during the 4th quarter worth approximately $458,000. Institutional investors and hedge funds own 81.86% of the company’s stock.

Several research firms have recently weighed in on DCO. ValuEngine lowered Ducommun from a “buy” rating to a “hold” rating in a research note on Tuesday, June 5th. Canaccord Genuity lifted their price objective on Ducommun from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, May 21st. Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a research note on Tuesday, May 15th. Noble Financial reaffirmed a “hold” rating on shares of Ducommun in a research note on Friday, March 2nd. Finally, B. Riley reduced their price objective on Ducommun from $40.00 to $39.00 and set a “buy” rating on the stock in a research note on Thursday, March 1st. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Ducommun presently has a consensus rating of “Hold” and a consensus price target of $36.75.

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.

Insider Buying and Selling by Quarter for Ducommun (NYSE:DCO)

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