Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCOGet Free Report) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 270,000 shares, a drop of 7.3% from the May 15th total of 291,400 shares. Based on an average trading volume of 89,900 shares, the days-to-cover ratio is presently 3.0 days.

Ducommun Stock Up 1.4 %

Shares of DCO stock traded up $0.78 during trading on Wednesday, hitting $58.24. 58,078 shares of the company were exchanged, compared to its average volume of 52,141. The business’s 50-day simple moving average is $56.40 and its 200 day simple moving average is $52.51. Ducommun has a twelve month low of $42.31 and a twelve month high of $60.00. The firm has a market capitalization of $857.29 million, a price-to-earnings ratio of 48.87 and a beta of 1.36. 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 (NYSE:DCOGet Free Report) last issued its earnings results on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. Ducommun had a net margin of 2.29% and a return on equity of 6.06%. The company had revenue of $190.90 million during the quarter, compared to analyst estimates of $189.20 million. During the same quarter last year, the business posted $0.63 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, analysts forecast that Ducommun will post 2.77 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group raised their target price 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 research note on Thursday, May 9th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Ducommun currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.20.

Read Our Latest Stock Report on DCO

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently made changes to their positions in the company. Quadrature Capital Ltd acquired a new stake in shares of Ducommun in the 1st quarter valued at $387,000. Gabelli Funds LLC lifted its position in shares of Ducommun by 2.1% in the first quarter. Gabelli Funds LLC now owns 62,255 shares of the aerospace company’s stock worth $3,194,000 after buying an additional 1,275 shares during the last quarter. Keeley Teton Advisors LLC boosted its stake in shares of Ducommun by 12.8% during the 1st quarter. Keeley Teton Advisors LLC now owns 43,883 shares of the aerospace company’s stock worth $2,251,000 after acquiring an additional 4,988 shares in the last quarter. EntryPoint Capital LLC increased its holdings in shares of Ducommun by 323.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,505 shares of the aerospace company’s stock valued at $129,000 after acquiring an additional 1,914 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Ducommun by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock valued at $38,315,000 after acquiring an additional 6,869 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Ducommun Company Profile

(Get Free Report)

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.

Further Reading

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