Short Interest in Ducommun Incorporated (NYSE:DCO) Rises By 21.2%

Ducommun Incorporated (NYSE:DCO) was the recipient of a large growth in short interest in the month of March. As of March 31st, there was short interest totaling 420,961 shares, a growth of 21.2% from the March 15th total of 347,364 shares. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 166,749 shares, the days-to-cover ratio is presently 2.5 days.

Ducommun Stock Up 0.8%

Shares of DCO opened at $137.69 on Friday. 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 one year low of $53.78 and a one year high of $143.33. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -59.61 and a beta of 1.00. The stock has a 50 day moving average price of $128.09 and a 200 day moving average price of $108.62.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Ducommun from $142.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, March 13th. Truist Financial lifted their target price on Ducommun from $124.00 to $136.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Ducommun in a research report on Monday, December 29th. The Goldman Sachs Group lifted their target price on Ducommun from $117.00 to $132.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ducommun has an average rating of “Moderate Buy” and an average target price of $139.75.

Insider Buying and Selling at Ducommun

In related news, Director Richard A. Baldridge sold 10,440 shares of the company’s 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 transaction, the director owned 20,100 shares in the company, valued at $2,629,683. The trade was a 34.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Several institutional investors and hedge funds have recently added to or reduced their stakes in DCO. Cornerstone Planning Group LLC grew its stake in shares of Ducommun by 6,725.0% in the third 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 in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of 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. Financial Consulate Inc. acquired a new stake in shares of Ducommun in the third quarter valued at about $48,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Ducommun in the third quarter valued at about $63,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Ducommun in the third quarter valued at about $79,000. 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.