Ducommun (NYSE:DCO) Trading Down 4.9% After Insider Selling

Ducommun Incorporated (NYSE:DCO) fell 4.9% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $64.01 and last traded at $64.22. 140,058 shares were traded during mid-day trading, an increase of 66% from the average session volume of 84,254 shares. The stock had previously closed at $67.52.

Specifically, Director Robert C. Ducommun sold 1,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the sale, the director now owns 409,900 shares in the company, valued at approximately $28,488,050. This represents a 0.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Ratings Changes

A number of research firms have commented on DCO. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Truist Financial raised their price objective on Ducommun from $71.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. 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 research note on Tuesday, August 13th. Four research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Ducommun currently has a consensus rating of “Buy” and a consensus price target of $73.00.

Ducommun Price Performance

The firm has a market capitalization of $941.04 million, a price-to-earnings ratio of 31.99 and a beta of 1.41. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $64.81 and a two-hundred day moving average price of $62.41.

Institutional Investors Weigh In On Ducommun

Large investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP bought a new position in shares of Ducommun during the third quarter worth about $8,990,000. RDST Capital LLC boosted its stake in Ducommun by 16.8% during the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after purchasing an additional 77,595 shares during the period. Diamond Hill Capital Management Inc. grew its position in Ducommun by 70.4% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after purchasing an additional 46,544 shares during the last quarter. Barclays PLC increased its stake in shares of Ducommun by 137.2% in the third quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock valued at $3,514,000 after purchasing an additional 30,873 shares during the period. Finally, Jane Street Group LLC grew its holdings in Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 20,240 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

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.