Ducommun Incorporated (NYSE:DCO) Sees Significant Growth in Short Interest

Ducommun Incorporated (NYSE:DCO) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 393,159 shares, a growth of 19.0% from the January 29th total of 330,394 shares. Currently, 2.9% of the shares of the company are sold short. Based on an average daily volume of 178,779 shares, the short-interest ratio is currently 2.2 days. Based on an average daily volume of 178,779 shares, the short-interest ratio is currently 2.2 days. Currently, 2.9% of the shares of the company are sold short.

Ducommun Stock Performance

DCO stock traded up $4.73 during midday trading on Wednesday, hitting $139.84. 254,536 shares of the stock traded hands, compared to its average volume of 171,080. Ducommun has a 1-year low of $51.76 and a 1-year high of $140.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 3.50 and a quick ratio of 2.47. The firm has a market cap of $2.10 billion, a P/E ratio of -60.54 and a beta of 1.03. The stock’s fifty day simple moving average is $113.77 and its 200-day simple moving average is $100.10.

Ducommun (NYSE:DCO) last released its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The company had revenue of $215.80 million during the quarter, compared to analysts’ expectations of $217.42 million. Ducommun had a positive return on equity of 8.47% and a negative net margin of 4.11%.Ducommun’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, analysts expect that Ducommun will post 3.21 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on DCO shares. The Goldman Sachs Group upped their target price on Ducommun from $117.00 to $132.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada boosted their price target on Ducommun from $100.00 to $142.00 and gave the company an “outperform” rating in a research note on Friday, February 20th. Zacks Research upgraded Ducommun from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Citigroup lifted their target price on Ducommun from $125.00 to $143.00 and gave the stock a “buy” rating in a report on Monday. Finally, Truist Financial increased their price target on shares of Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Ducommun presently has an average rating of “Moderate Buy” and a consensus price target of $138.25.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $92.86, for a total transaction of $185,720.00. Following the transaction, the vice president owned 65,269 shares in the company, valued at approximately $6,060,879.34. This represents a 2.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Ducommun

A number of institutional investors have recently added to or reduced their stakes in DCO. Cornerstone Planning Group LLC increased its holdings in Ducommun by 6,725.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 273 shares of the aerospace company’s stock worth $26,000 after acquiring an additional 269 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Ducommun by 618.8% during the second quarter. EverSource Wealth Advisors LLC now owns 345 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 297 shares in the last quarter. Traub Capital Management LLC purchased a new stake in shares of Ducommun during the second quarter worth about $35,000. Financial Consulate Inc. purchased a new position in Ducommun in the 3rd quarter valued at about $48,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Ducommun in the 3rd quarter valued at about $63,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

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.