Ducommun (NYSE:DCO) Stock Price Down 4.3%

Shares of Ducommun Incorporated (NYSE:DCOGet Rating) were down 4.3% during trading on Tuesday . The stock traded as low as $43.83 and last traded at $43.83. Approximately 644 shares changed hands during mid-day trading, a decline of 98% from the average daily volume of 40,268 shares. The stock had previously closed at $45.78.

A number of analysts recently issued reports on the stock. TheStreet upgraded shares of Ducommun from a “c+” rating to a “b” rating in a research report on Tuesday, March 8th. StockNews.com lowered shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 9th. Finally, B. Riley lifted their price target on shares of Ducommun from $68.00 to $72.00 in a report on Wednesday, May 4th.

The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.93 and a current ratio of 2.94. The company’s fifty day moving average price is $49.11 and its 200 day moving average price is $47.73. The firm has a market capitalization of $531.85 million, a price-to-earnings ratio of 3.93 and a beta of 1.30.

Ducommun (NYSE:DCOGet Rating) last released its earnings results on Tuesday, May 3rd. The aerospace company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.14. Ducommun had a net margin of 21.01% and a return on equity of 8.91%. The business had revenue of $163.48 million for the quarter, compared to the consensus estimate of $160.85 million. During the same period in the previous year, the firm earned $0.58 EPS. As a group, sell-side analysts expect that Ducommun Incorporated will post 3.69 earnings per share for the current year.

In related news, CEO Stephen G. Oswald sold 5,778 shares of the business’s stock in a transaction that occurred on Friday, May 6th. The shares were sold at an average price of $49.92, for a total transaction of $288,437.76. Following the completion of the sale, the chief executive officer now directly owns 275,141 shares of the company’s stock, valued at $13,735,038.72. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Christopher D. Wampler sold 4,000 shares of the stock in a transaction on Thursday, May 12th. The stock was sold at an average price of $45.85, for a total transaction of $183,400.00. Following the sale, the chief financial officer now directly owns 19,112 shares of the company’s stock, valued at approximately $876,285.20. The disclosure for this sale can be found here. Insiders sold a total of 13,528 shares of company stock worth $670,265 in the last quarter. Insiders own 10.80% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of DCO. William Blair Investment Management LLC increased its holdings in Ducommun by 2.2% in the 1st quarter. William Blair Investment Management LLC now owns 922,135 shares of the aerospace company’s stock valued at $48,311,000 after buying an additional 19,916 shares during the period. BlackRock Inc. boosted its holdings in Ducommun by 3.6% during the 1st quarter. BlackRock Inc. now owns 839,094 shares of the aerospace company’s stock worth $43,960,000 after acquiring an additional 28,819 shares during the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in shares of Ducommun by 3.3% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 738,148 shares of the aerospace company’s stock worth $38,671,000 after buying an additional 23,467 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Ducommun by 12.1% during the first quarter. Goldman Sachs Group Inc. now owns 484,867 shares of the aerospace company’s stock valued at $25,402,000 after purchasing an additional 52,406 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Ducommun by 32.7% during the third quarter. Wellington Management Group LLP now owns 472,129 shares of the aerospace company’s stock valued at $23,772,000 after buying an additional 116,345 shares during the period. 84.20% of the stock is currently owned by institutional investors.

Ducommun Company Profile (NYSE:DCO)

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical, and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; higher-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, 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.

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