Ducommun (NYSE:DCO) CEO Stephen Oswald Sells 5,766 Shares of Stock

Key Points

• Ducommun CEO Stephen Oswald sold 5,766 shares at an average price of $201.15, generating approximately $1.16 million. He retains 385,875 shares, with the transaction reducing his ownership by 1.47%.
• Ducommun’s stock traded at $199.31, near its 12-month high of $210.39, after rising above its 50-day and 200-day moving averages. The company reported quarterly EPS of $1.18 and revenue of $224.49 million, exceeding analyst expectations while revenue increased 11% year over year.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $192.60; institutional investors own 92.15% of the company’s stock.

Ducommun Incorporated (NYSE:DCO - Get Free Report) CEO Stephen Oswald sold 5,766 shares of Ducommun stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $201.15, for a total value of $1,159,830.90. Following the sale, the chief executive officer owned 385,875 shares in the company, valued at $77,618,756.25. This trade represents a 1.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

Ducommun Stock Performance

NYSE:DCO traded down $2.08 during trading on Thursday, reaching $199.31. The company's stock had a trading volume of 134,103 shares, compared to its average volume of 224,537. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of -106.58 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.38 and a current ratio of 3.36. The firm has a 50 day moving average of $174.44 and a 200-day moving average of $146.95. Ducommun Incorporated has a 12 month low of $84.76 and a 12 month high of $210.39.

Ducommun (NYSE:DCO - Get Free Report) last announced its earnings results on Thursday, August 6th. The aerospace company reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.20. The firm had revenue of $224.49 million during the quarter, compared to analyst estimates of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%.The business's revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $0.88 EPS. Research analysts expect that Ducommun Incorporated will post 4.19 EPS for the current fiscal year.

Institutional Trading of Ducommun

Several hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in Ducommun by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company's stock worth $72,000 after buying an additional 107 shares in the last quarter. Parvin Asset Management LLC raised its position in shares of Ducommun by 8.9% during the 1st quarter. Parvin Asset Management LLC now owns 1,340 shares of the aerospace company's stock valued at $163,000 after buying an additional 110 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company's stock valued at $311,000 after buying an additional 117 shares in the last quarter. Allworth Financial LP bought a new stake in shares of Ducommun during the 2nd quarter worth $26,000. Finally, Ameriprise Financial Inc. grew its position in Ducommun by 2.3% in the third quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company's stock worth $657,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 92.15% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on DCO shares. B. Riley Financial reaffirmed a "buy" rating on shares of Ducommun in a research report on Friday, August 7th. Citigroup restated a "buy" rating on shares of Ducommun in a research note on Wednesday. Weiss Ratings cut shares of Ducommun from a "hold (c)" rating to a "hold (c-)" rating in a report on Tuesday, August 4th. Wall Street Zen upgraded Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research raised Ducommun from a "hold" rating to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, Ducommun presently has an average rating of "Moderate Buy" and an average target price of $192.60.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.

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