Ducommun Incorporated (NYSE:DCO) Short Interest Up 43.8% in April

Ducommun Incorporated (NYSE:DCO) was the target of a significant 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 volume of 225,119 shares, the days-to-cover ratio is presently 2.7 days. Currently, 4.3% of the shares of the stock are sold short.

Ducommun Stock Performance

DCO stock traded up $3.53 during trading on Thursday, reaching $141.93. The company had a trading volume of 126,217 shares, compared to its average volume of 180,540. The firm has a 50-day simple moving average of $130.99 and a 200-day simple moving average of $111.25. The company has a market cap of $2.13 billion, a price-to-earnings ratio of -61.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. Ducommun has a twelve month low of $56.76 and a twelve month high of $145.90.

Ducommun (NYSE:DCO) last announced its quarterly earnings data on Thursday, February 26th. The aerospace company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.91 by $0.14. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. 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 posted $0.75 EPS. The business’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, sell-side analysts expect that Ducommun will post 4.1 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. B. Riley Financial reissued a “buy” rating on shares of Ducommun in a research note on Wednesday, January 28th. Royal Bank Of Canada boosted their price objective on shares of Ducommun from $142.00 to $150.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Truist Financial raised their target price on shares of Ducommun from $124.00 to $136.00 and gave the company a “buy” rating in a research report on Friday, February 27th. The Goldman Sachs Group raised their target price on shares of Ducommun from $134.00 to $151.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Finally, Wall Street Zen raised shares of Ducommun from a “hold” rating to a “buy” rating in a research report on Saturday, April 18th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and an average target price of $144.50.

Insider Buying and Selling

In other Ducommun news, Director Richard A. Baldridge sold 10,440 shares of the stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $130.83, for a total transaction of $1,365,865.20. Following the completion of the transaction, the director owned 20,100 shares in the company, valued at $2,629,683. This trade represents a 34.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ducommun

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Ducommun by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 842,368 shares of the aerospace company’s stock valued at $80,134,000 after purchasing an additional 19,143 shares during the period. State Street Corp lifted its stake in shares of Ducommun by 10.4% in the 4th quarter. State Street Corp now owns 670,966 shares of the aerospace company’s stock valued at $63,829,000 after purchasing an additional 63,070 shares during the period. Geode Capital Management LLC lifted its stake in shares of Ducommun by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 333,371 shares of the aerospace company’s stock valued at $31,720,000 after purchasing an additional 5,899 shares during the period. GW&K Investment Management LLC lifted its stake in shares of Ducommun by 2.0% in the 4th quarter. GW&K Investment Management LLC now owns 319,772 shares of the aerospace company’s stock valued at $30,420,000 after purchasing an additional 6,192 shares during the period. Finally, Alliancebernstein L.P. lifted its stake in shares of Ducommun by 5.4% in the 3rd quarter. Alliancebernstein L.P. now owns 319,470 shares of the aerospace company’s stock valued at $30,711,000 after purchasing an additional 16,501 shares during the period. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.