Ducommun Incorporated (NYSE:DCO) Sees Large Decline in Short Interest

Ducommun Incorporated (NYSE:DCO) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 337,021 shares, a decrease of 14.3% from the February 12th total of 393,159 shares. Based on an average trading volume of 152,829 shares, the short-interest ratio is presently 2.2 days. Approximately 2.5% of the shares of the stock are short sold. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 152,829 shares, the short-interest ratio is presently 2.2 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on DCO shares. Truist Financial boosted their target price on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. B. Riley Financial restated a “buy” rating on shares of Ducommun in a report on Wednesday, January 28th. Citigroup raised their target price on Ducommun from $125.00 to $143.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Finally, Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a report on Sunday, February 15th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average price target of $140.25.

Insider Transactions at Ducommun

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total value of $1,365,865.20. Following the completion of the sale, the director owned 20,100 shares in the company, valued at approximately $2,629,683. This represents a 34.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Large investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its stake in shares of Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock valued at $26,000 after buying an additional 269 shares during the period. EverSource Wealth Advisors LLC raised its stake in Ducommun by 618.8% in the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock valued at $29,000 after buying an additional 297 shares in the last quarter. Traub Capital Management LLC purchased a new stake in Ducommun during the 2nd quarter worth about $35,000. Financial Consulate Inc. purchased a new stake in Ducommun during the 3rd quarter worth about $48,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Ducommun during the 3rd quarter worth about $63,000. 92.15% of the stock is owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.8%

NYSE DCO traded down $0.97 on Tuesday, reaching $125.94. The stock had a trading volume of 117,582 shares, compared to its average volume of 166,907. Ducommun has a 12-month low of $51.76 and a 12-month high of $140.02. The company has a quick ratio of 2.47, a current ratio of 3.50 and a debt-to-equity ratio of 0.45. The stock has a fifty day moving average price of $119.70 and a two-hundred day moving average price of $102.53. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -54.52 and a beta of 1.03.

Ducommun (NYSE:DCO) last posted its earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.14. The firm had revenue of $215.80 million for the quarter, compared to analyst estimates of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.Ducommun’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. As a group, sell-side analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

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.