Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO) was the recipient 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 daily trading volume, of 90,000 shares, the short-interest ratio is currently 3.2 days.

Insider Buying and Selling at Ducommun

In other news, CEO Stephen G. Oswald sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $58.23, for a total transaction of $116,460.00. Following the completion of the sale, the chief executive officer now owns 347,539 shares in the company, valued at approximately $20,237,195.97. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

Several institutional investors and hedge funds have recently made changes to their positions in DCO. PNC Financial Services Group Inc. raised its position in shares of Ducommun by 658.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company’s stock valued at $100,000 after buying an additional 1,673 shares in the last quarter. EntryPoint Capital LLC raised its position in Ducommun by 323.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 1,914 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in Ducommun in the 1st quarter worth $274,000. Hennion & Walsh Asset Management Inc. purchased a new position in Ducommun in the 1st quarter worth $295,000. Finally, Inspire Investing LLC purchased a new position in Ducommun in the 1st quarter worth $359,000. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a report on Monday, May 13th. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Ducommun currently has an average rating of “Moderate Buy” and a consensus price target of $65.20.

Ducommun Stock Up 0.3 %

Shares of NYSE:DCO opened at $58.39 on Friday. The firm has a fifty day moving average price of $57.36 and a two-hundred day moving average price of $52.99. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.99 and a quick ratio of 1.88. Ducommun has a one year low of $42.31 and a one year high of $60.00. The company has a market cap of $859.50 million, a price-to-earnings ratio of 49.07 and a beta of 1.38.

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

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.