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

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on DCO shares. StockNews.com raised shares of Ducommun from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. The Goldman Sachs Group lifted their target price on shares of Ducommun from $57.00 to $64.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

Insider Buying and Selling

In related news, CEO Stephen G. Oswald sold 2,000 shares of the 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 sale, the chief executive officer now owns 347,539 shares in the company, valued at approximately $20,237,195.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Ducommun

Large investors have recently added to or reduced their stakes in the company. Bragg Financial Advisors Inc lifted its position in shares of Ducommun by 0.3% in the 4th quarter. Bragg Financial Advisors Inc now owns 100,187 shares of the aerospace company’s stock worth $5,216,000 after purchasing an additional 260 shares during the period. Franklin Resources Inc. lifted its position in shares of Ducommun by 0.7% in the 4th quarter. Franklin Resources Inc. now owns 68,525 shares of the aerospace company’s stock worth $3,567,000 after purchasing an additional 500 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Ducommun by 2.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 24,834 shares of the aerospace company’s stock worth $1,274,000 after purchasing an additional 553 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Ducommun by 8.0% in the 1st quarter. Russell Investments Group Ltd. now owns 7,839 shares of the aerospace company’s stock worth $402,000 after purchasing an additional 584 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Ducommun by 13.1% in the 3rd quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 995 shares during the period. Institutional investors own 92.15% of the company’s stock.

Ducommun Trading Up 0.3 %

Shares of DCO stock traded up $0.15 on Wednesday, hitting $58.39. 21,413 shares of the company’s stock traded hands, compared to its average volume of 93,680. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.88 and a current ratio of 2.99. Ducommun has a one year low of $42.31 and a one year high of $60.00. The company’s fifty day simple moving average is $57.19 and its 200 day simple moving average is $52.92. The stock has a market capitalization of $859.27 million, a price-to-earnings ratio of 48.88 and a beta of 1.38.

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