Ducommun Incorporated (NYSE:DCO) Short Interest Up 5.5% in June

Ducommun Incorporated (NYSE:DCO) saw a significant increase in short interest in 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 days-to-cover ratio is currently 3.2 days.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Ducommun

Several large investors have recently modified their holdings of DCO. Quadrature Capital Ltd acquired a new stake in Ducommun during the first quarter valued at approximately $387,000. Gabelli Funds LLC raised its position in shares of Ducommun by 2.1% during the 1st quarter. Gabelli Funds LLC now owns 62,255 shares of the aerospace company’s stock valued at $3,194,000 after acquiring an additional 1,275 shares in the last quarter. Keeley Teton Advisors LLC lifted its stake in Ducommun by 12.8% during the first quarter. Keeley Teton Advisors LLC now owns 43,883 shares of the aerospace company’s stock worth $2,251,000 after purchasing an additional 4,988 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in Ducommun by 323.9% in the first 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. Finally, Vanguard Group Inc. increased its stake in Ducommun by 0.9% during the first quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after purchasing an additional 6,869 shares during the last quarter. Institutional investors own 92.15% of the company’s stock.

Analyst Ratings Changes

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

Ducommun Price Performance

DCO stock opened at $58.17 on Thursday. The company has a market capitalization of $856.26 million, a PE ratio of 48.88 and a beta of 1.38. The company has a quick ratio of 1.88, a current ratio of 2.99 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average is $57.27 and its two-hundred day moving average is $52.95. Ducommun has a 52-week low of $42.31 and a 52-week high of $60.00.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share (EPS) 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 firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.63 earnings per share. Analysts predict that Ducommun will post 2.77 earnings per share for the current fiscal year.

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.