Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 209,000 shares, a decrease of 5.2% from the September 15th total of 220,400 shares. Based on an average trading volume of 49,800 shares, the short-interest ratio is currently 4.2 days.

Wall Street Analyst Weigh In

Several analysts have recently commented on DCO shares. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $64.00 to $80.00 in a research note on Tuesday, August 13th. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research note on Saturday, August 17th. Finally, Truist Financial reissued a “buy” rating and issued a $72.00 price objective (up from $65.00) on shares of Ducommun in a research note on Friday, August 9th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, Ducommun has an average rating of “Buy” and an average target price of $71.00.

Ducommun Stock Performance

Shares of DCO opened at $66.41 on Thursday. The company has a current ratio of 3.06, a quick ratio of 1.97 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $977.29 million, a price-to-earnings ratio of 55.81 and a beta of 1.38. The stock has a 50 day moving average of $64.23 and a 200 day moving average of $59.72. Ducommun has a 12 month low of $45.75 and a 12 month high of $67.04.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, August 8th. The aerospace company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.20. Ducommun had a return on equity of 6.79% and a net margin of 2.95%. The company had revenue of $197.00 million during the quarter, compared to the consensus estimate of $194.57 million. During the same period last year, the business posted $0.54 earnings per share. Ducommun’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that Ducommun will post 2.93 earnings per share for the current year.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Ducommun news, VP Jerry L. Redondo sold 3,300 shares of the stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total value of $200,277.00. Following the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jerry L. Redondo sold 770 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,270 shares of company stock worth $329,295. Corporate insiders own 8.80% of the company’s stock.

Institutional Trading of Ducommun

A number of large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Ducommun by 0.9% in the first quarter. Vanguard Group Inc. now owns 746,879 shares of the aerospace company’s stock worth $38,315,000 after buying an additional 6,869 shares during the last quarter. RDST Capital LLC boosted its holdings in shares of Ducommun by 16.8% in the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock worth $31,369,000 after acquiring an additional 77,595 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Ducommun by 2.1% in the second quarter. First Eagle Investment Management LLC now owns 223,979 shares of the aerospace company’s stock worth $13,004,000 after acquiring an additional 4,500 shares during the period. Meros Investment Management LP boosted its holdings in shares of Ducommun by 1.4% in the second quarter. Meros Investment Management LP now owns 206,449 shares of the aerospace company’s stock worth $11,986,000 after acquiring an additional 2,880 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Ducommun by 70.4% in the second quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company’s stock worth $6,541,000 after acquiring an additional 46,544 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

About Ducommun

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.