Ducommun Incorporated (NYSE:DCO) Sees Large Increase in Short Interest

Ducommun Incorporated (NYSE:DCO) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 284,900 shares, an increase of 5.5% from the May 31st total of 270,000 shares. Based on an average trading volume of 90,000 shares, the days-to-cover ratio is presently 3.2 days.

Ducommun Stock Up 0.3 %

Shares of DCO stock traded up $0.15 during mid-day trading on Wednesday, hitting $58.39. The company’s stock had a trading volume of 21,413 shares, compared to its average volume of 93,680. Ducommun has a 52-week low of $42.31 and a 52-week high of $60.00. The business has a 50-day moving average price of $57.19 and a 200 day moving average price of $52.92. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. The stock has a market cap of $859.27 million, a price-to-earnings ratio of 48.88 and a beta of 1.38.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.18. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The firm had revenue of $190.90 million during the quarter, compared to analysts’ expectations of $189.20 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. Research analysts predict that Ducommun will post 2.77 EPS for the current fiscal year.

Analysts Set New Price Targets

DCO has been the topic of several research reports. StockNews.com upgraded Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. The Goldman Sachs Group lifted their price objective on Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, May 13th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Ducommun presently has a consensus rating of “Moderate Buy” and an average price target of $65.20.

Insider Buying and Selling

In other news, CEO Stephen G. Oswald sold 2,000 shares of Ducommun stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $58.23, for a total value of $116,460.00. Following the sale, the chief executive officer now directly owns 347,539 shares in the company, valued at approximately $20,237,195.97. The sale was disclosed in a filing with the SEC, which is available through this link. 8.80% of the stock is owned by corporate insiders.

Institutional Trading of Ducommun

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its stake in shares of Ducommun by 658.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock worth $100,000 after buying an additional 1,673 shares during the period. EntryPoint Capital LLC grew its holdings in Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after buying an additional 1,914 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in Ducommun during the 1st quarter valued at approximately $274,000. Hennion & Walsh Asset Management Inc. purchased a new stake in Ducommun during the 1st quarter valued at approximately $295,000. Finally, Inspire Investing LLC purchased a new stake in Ducommun during the 1st quarter valued at approximately $359,000. Institutional investors own 92.15% of the company’s stock.

About Ducommun

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.