Ducommun Incorporated (NYSE:DCO) Short Interest Update

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

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $46.50, for a total value of $46,500.00. Following the completion of the sale, the director now owns 404,715 shares in the company, valued at approximately $18,819,247.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Robert C. Ducommun sold 600 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $46.62, for a total value of $27,972.00. Following the completion of the sale, the director now owns 404,115 shares of the company’s stock, valued at approximately $18,839,841.30. The disclosure for this sale can be found here. Corporate insiders own 8.50% of the company’s stock.

Several institutional investors have recently modified their holdings of DCO. Quantum Capital Management acquired a new position in shares of Ducommun in the third quarter worth about $159,000. California State Teachers Retirement System raised its position in shares of Ducommun by 1.9% in the third quarter. California State Teachers Retirement System now owns 16,725 shares of the aerospace company’s stock worth $709,000 after acquiring an additional 318 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Ducommun by 539.8% in the third quarter. Tower Research Capital LLC TRC now owns 2,073 shares of the aerospace company’s stock worth $88,000 after acquiring an additional 1,749 shares during the period. Monarch Partners Asset Management LLC raised its position in shares of Ducommun by 55.0% in the third quarter. Monarch Partners Asset Management LLC now owns 15,561 shares of the aerospace company’s stock worth $660,000 after acquiring an additional 5,520 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Ducommun by 27.0% in the third quarter. First Trust Advisors LP now owns 24,068 shares of the aerospace company’s stock worth $1,020,000 after acquiring an additional 5,122 shares during the period. Hedge funds and other institutional investors own 83.06% of the company’s stock.

A number of brokerages have issued reports on DCO. Zacks Investment Research lowered Ducommun from a “buy” rating to a “hold” rating in a research note on Tuesday, October 29th. Sidoti cut their price target on Ducommun from $45.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Finally, ValuEngine upgraded Ducommun from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.75.

Shares of Ducommun stock traded up $1.13 during trading on Friday, reaching $51.67. 135,180 shares of the stock traded hands, compared to its average volume of 61,981. The company has a market capitalization of $574.00 million, a price-to-earnings ratio of 25.96 and a beta of 0.77. The business has a fifty day simple moving average of $47.40 and a two-hundred day simple moving average of $44.28. The company has a debt-to-equity ratio of 0.84, a current ratio of 2.35 and a quick ratio of 1.52. Ducommun has a 52-week low of $33.30 and a 52-week high of $52.04.

Ducommun (NYSE:DCO) last issued its quarterly earnings data on Wednesday, October 30th. The aerospace company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.09. The firm had revenue of $181.10 million during the quarter, compared to analyst estimates of $174.05 million. Ducommun had a return on equity of 10.70% and a net margin of 3.47%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 earnings per share. On average, research analysts predict that Ducommun will post 2.7 earnings per share 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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