Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO) was the recipient of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 164,100 shares, a growth of 54.5% from the May 30th total of 106,200 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 85,200 shares, the short-interest ratio is presently 1.9 days.

Several analysts have recently commented on DCO shares. SunTrust Banks decreased their target price on Broadcom to $307.00 and set a “buy” rating on the stock in a report on Friday, June 14th. TheStreet upgraded Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Noble Financial set a $4.00 price target on Salem Media Group and gave the company a “buy” rating in a report on Monday, May 13th. Finally, Sidoti cut Ducommun from a “buy” rating to a “neutral” rating and set a $53.00 price target on the stock. in a report on Wednesday, May 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $47.67.

Ducommun stock traded down $2.67 during mid-day trading on Thursday, hitting $44.30. The stock had a trading volume of 120,500 shares, compared to its average volume of 65,170. The firm’s 50-day moving average is $45.52. The firm has a market cap of $526.03 million, a PE ratio of 22.26 and a beta of 0.78. Ducommun has a 12 month low of $31.05 and a 12 month high of $52.04. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.40 and a quick ratio of 1.51.

Ducommun (NYSE:DCO) last posted its quarterly earnings results on Monday, May 6th. The aerospace company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.15. The business had revenue of $172.57 million for the quarter, compared to analysts’ expectations of $158.83 million. Ducommun had a return on equity of 9.02% and a net margin of 2.13%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.25 earnings per share. Research analysts forecast that Ducommun will post 2.44 earnings per share for the current year.

In other news, VP Christopher D. Wampler sold 3,000 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $45.98, for a total transaction of $137,940.00. Following the sale, the vice president now owns 9,519 shares in the company, valued at $437,683.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert C. Ducommun sold 2,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $45.29, for a total value of $90,580.00. Following the sale, the director now owns 405,715 shares in the company, valued at approximately $18,374,832.35. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Ducommun by 0.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,575 shares of the aerospace company’s stock valued at $1,809,000 after buying an additional 300 shares during the period. Quantamental Technologies LLC acquired a new position in Ducommun in the first quarter valued at about $25,000. Macquarie Group Ltd. acquired a new position in Ducommun in the fourth quarter valued at about $25,000. PNC Financial Services Group Inc. lifted its stake in Ducommun by 4,516.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,108 shares of the aerospace company’s stock valued at $40,000 after buying an additional 1,084 shares during the period. Finally, California Public Employees Retirement System lifted its stake in Ducommun by 2.9% in the fourth quarter. California Public Employees Retirement System now owns 42,646 shares of the aerospace company’s stock valued at $1,549,000 after buying an additional 1,222 shares during the period. 83.69% of the stock is currently owned by hedge funds and other institutional investors.

About Ducommun

Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace, defense, industrial, natural resources, medical, and other industries in the United States. The company operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment offers cable assemblies and interconnect systems; printed circuit board assemblies; high-level electronic, electromechanical, and mechanical components and assemblies, as well as lightning diversion systems; and radar enclosures, aircraft avionics racks, shipboard communications and control enclosures, wire harnesses, surge suppressors, conformal shields, and other assemblies.

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