Short Interest in Ducommun Incorporated (NYSE:DCO) Rises By 21.2%

Ducommun Incorporated (NYSE:DCO) was the target of a significant increase in short interest in November. As of November 29th, there was short interest totalling 81,300 shares, an increase of 21.2% from the November 14th total of 67,100 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 77,800 shares, the short-interest ratio is presently 1.0 days.

Several equities analysts have issued reports on DCO shares. Sidoti decreased their price objective on shares of Ducommun from $45.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, October 15th. ValuEngine upgraded shares of Ducommun from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. Finally, Zacks Investment Research cut shares of Ducommun from a “buy” rating to a “hold” rating in a research report on Tuesday, October 29th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Ducommun has an average rating of “Hold” and an average price target of $45.75.

In other Ducommun news, Director Robert C. Ducommun sold 600 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $46.62, for a total transaction of $27,972.00. Following the transaction, the director now directly owns 404,115 shares of the company’s stock, valued at $18,839,841.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.50, for a total transaction of $46,500.00. Following the transaction, the director now directly owns 404,715 shares in the company, valued at $18,819,247.50. The disclosure for this sale can be found here. Company insiders own 8.50% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System raised its position in shares of Ducommun by 12.2% in the third quarter. California Public Employees Retirement System now owns 39,817 shares of the aerospace company’s stock valued at $1,688,000 after buying an additional 4,319 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Ducommun in the third quarter valued at about $161,000. Swiss National Bank acquired a new stake in shares of Ducommun in the second quarter valued at about $910,000. Price T Rowe Associates Inc. MD acquired a new stake in Ducommun during the second quarter worth about $270,000. Finally, Chicago Equity Partners LLC acquired a new stake in Ducommun during the third quarter worth about $419,000. Institutional investors and hedge funds own 83.06% of the company’s stock.

Shares of NYSE DCO traded up $1.13 during mid-day trading on Friday, reaching $51.67. The company’s stock had a trading volume of 135,180 shares, compared to its average volume of 61,981. The stock has a 50-day moving average of $47.40 and a two-hundred day moving average of $44.28. The stock has a market capitalization of $574.00 million, a P/E ratio of 25.96 and a beta of 0.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.52 and a current ratio of 2.35. Ducommun has a 1-year low of $33.30 and a 1-year high of $52.04.

Ducommun (NYSE:DCO) last issued its earnings results on Wednesday, October 30th. The aerospace company reported $0.70 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.09. The business had revenue of $181.10 million during the quarter, compared to analysts’ expectations of $174.05 million. Ducommun had a net margin of 3.47% and a return on equity of 10.70%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.62 earnings per share. Analysts predict that Ducommun will post 2.7 EPS for the current fiscal year.

Ducommun Company Profile

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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