Insider Sells Ducommun Stock in a Major Transaction
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Jerry L Redondo, SVP at Ducommun, sold 2,000 shares for $185,720. Citi rated Ducommun as Buy due to its aerospace and defense positioning. The company amended its credit facility to enhance liquidity for its VISION 2027 strategy. Despite record revenues, profitability challenges persist, leading to mixed analyst sentiment. Spark rates DCO as Neutral, citing operational challenges and negative valuation metrics. Ducommun's defense growth and liquidity improvements are positive, but litigation and aerospace issues impact its stock score.
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