Short Interest in Ducommun Incorporated (NYSE:DCO) Declines By 5.2%

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

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of Ducommun from $72.00 to $71.00 and set a “buy” rating on the stock in a research report on Friday. The Goldman Sachs Group upgraded Ducommun from a “neutral” rating to a “buy” rating and lifted their price target for the company from $64.00 to $80.00 in a research note on Tuesday, August 13th. Finally, StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a report on Saturday, August 17th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $70.75.

Insider Transactions at Ducommun

In other Ducommun news, CEO Stephen G. Oswald sold 1,200 shares of the business’s stock in a transaction dated Friday, September 20th. The shares were sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now owns 341,151 shares of the company’s stock, valued at $22,625,134.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $66.32, for a total transaction of $79,584.00. Following the completion of the sale, the chief executive officer now directly owns 341,151 shares in the company, valued at approximately $22,625,134.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Jerry L. Redondo sold 3,300 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now owns 63,826 shares in the company, valued at $3,873,599.94. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,270 shares of company stock valued at $329,295. 8.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Ducommun

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oliver Luxxe Assets LLC increased its holdings in Ducommun by 111.5% in the third quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company’s stock valued at $1,337,000 after purchasing an additional 10,702 shares during the period. Annex Advisory Services LLC grew its position in shares of Ducommun by 29.4% in the 3rd quarter. Annex Advisory Services LLC now owns 27,183 shares of the aerospace company’s stock valued at $1,789,000 after buying an additional 6,171 shares during the last quarter. Inspire Investing LLC raised its position in shares of Ducommun by 3.3% during the third quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 201 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Ducommun during the third quarter worth about $213,000. Finally, Algert Global LLC lifted its stake in shares of Ducommun by 12.1% in the second quarter. Algert Global LLC now owns 21,355 shares of the aerospace company’s stock worth $1,240,000 after acquiring an additional 2,301 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Ducommun Stock Performance

Shares of Ducommun stock opened at $64.85 on Friday. The company’s 50 day moving average price is $64.39 and its two-hundred day moving average price is $59.87. The firm has a market capitalization of $954.33 million, a P/E ratio of 54.50 and a beta of 1.38. Ducommun has a fifty-two week low of $45.75 and a fifty-two week high of $67.04. The company has a debt-to-equity ratio of 0.38, a current ratio of 3.06 and a quick ratio of 1.97.

Ducommun (NYSE:DCO) last released its quarterly earnings data on Thursday, August 8th. The aerospace company reported $0.83 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $194.57 million. During the same quarter last year, the business posted $0.54 EPS. Ducommun’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, equities analysts forecast that Ducommun will post 2.93 earnings per share for the current fiscal year.

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.