Ducommun Incorporated (NYSE:DCO) Short Interest Update

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 volume of 49,800 shares, the days-to-cover ratio is presently 4.2 days.

Insider Activity at Ducommun

In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were 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 directly owns 63,826 shares in the company, valued at approximately $4,097,629.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Ducommun news, VP Jerry L. Redondo sold 770 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $64.20, for a total value of $49,434.00. Following the completion of the sale, the vice president now directly owns 63,826 shares in the company, valued at $4,097,629.20. This trade 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 available at the SEC website. Also, VP Jerry L. Redondo sold 3,300 shares of the company’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 transaction, the vice president now directly owns 63,826 shares in the company, valued at approximately $3,873,599.94. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,270 shares of company stock valued at $329,295 over the last quarter. 8.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

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

Analysts Set New Price Targets

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

Ducommun Price Performance

Shares of NYSE DCO opened at $66.22 on Friday. Ducommun has a 52 week low of $45.75 and a 52 week high of $67.04. The business’s 50 day moving average price is $64.32 and its 200 day moving average price is $59.77. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38. The firm has a market cap of $974.49 million, a P/E ratio of 55.65 and a beta of 1.38.

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

Ducommun Company Profile

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.