Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 605,382 shares, a growth of 43.8% from the March 31st total of 420,961 shares. Based on an average daily trading volume, of 225,119 shares, the short-interest ratio is presently 2.7 days. Approximately 4.3% of the shares of the company are short sold.

Insider Activity at Ducommun

In other news, Director Richard A. Baldridge sold 10,440 shares of the company’s stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the transaction, the director owned 20,100 shares of the company’s stock, valued at $2,629,683. This represents a 34.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC grew its stake in Ducommun by 16.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 759 shares of the aerospace company’s stock worth $72,000 after buying an additional 107 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Ducommun by 3.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 3,236 shares of the aerospace company’s stock valued at $311,000 after buying an additional 117 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Ducommun by 2.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,836 shares of the aerospace company’s stock worth $657,000 after acquiring an additional 153 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Ducommun by 3.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,014 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 155 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Ducommun by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 2,523 shares of the aerospace company’s stock worth $240,000 after acquiring an additional 163 shares in the last quarter. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Price Performance

Shares of DCO stock traded up $3.53 on Thursday, reaching $141.93. The company’s stock had a trading volume of 126,217 shares, compared to its average volume of 180,542. The company has a market capitalization of $2.13 billion, a P/E ratio of -61.44 and a beta of 1.00. Ducommun has a 12-month low of $56.76 and a 12-month high of $145.90. The stock’s 50 day simple moving average is $130.99 and its 200-day simple moving average is $111.25. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.91 by $0.14. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.The business had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. During the same period in the previous year, the business earned $0.75 earnings per share. The firm’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts predict that Ducommun will post 4.1 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on DCO. The Goldman Sachs Group upped their price target on Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Truist Financial increased their price objective on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Wall Street Zen upgraded Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, April 18th. Citigroup cut their target price on Ducommun from $143.00 to $141.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Finally, B. Riley Financial restated a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $144.50.

About Ducommun

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.