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

Ducommun Incorporated (NYSE:DCO) was the recipient of a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 134,000 shares, a drop of 6.3% from the January 15th total of 143,000 shares. Based on an average daily trading volume, of 116,900 shares, the days-to-cover ratio is presently 1.1 days.

Insider Buying and Selling at Ducommun

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the transaction, the director now directly owns 409,900 shares of the company’s stock, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.80% of the company’s stock.

Institutional Investors Weigh In On Ducommun

Hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC boosted its position in Ducommun by 804.2% during the 4th quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company’s stock worth $28,000 after buying an additional 386 shares during the period. Central Pacific Bank Trust Division acquired a new position in shares of Ducommun in the 4th quarter worth approximately $32,000. Venturi Wealth Management LLC lifted its position in shares of Ducommun by 833.3% in the 4th quarter. Venturi Wealth Management LLC now owns 728 shares of the aerospace company’s stock worth $46,000 after purchasing an additional 650 shares during the period. Point72 DIFC Ltd lifted its position in shares of Ducommun by 591.2% in the 3rd quarter. Point72 DIFC Ltd now owns 788 shares of the aerospace company’s stock worth $52,000 after purchasing an additional 674 shares during the period. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Ducommun in the 4th quarter worth approximately $78,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DCO has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of Ducommun from $80.00 to $82.00 and gave the company a “buy” rating in a report on Tuesday, January 14th. Royal Bank of Canada assumed coverage on shares of Ducommun in a report on Tuesday, December 31st. They set an “outperform” rating and a $72.00 price target on the stock. Finally, StockNews.com raised shares of Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

Ducommun Trading Up 1.2 %

NYSE:DCO traded up $0.72 during mid-day trading on Tuesday, hitting $63.25. 11,553 shares of the company’s stock were exchanged, compared to its average volume of 72,677. The company has a 50 day simple moving average of $65.29 and a 200-day simple moving average of $64.60. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37. Ducommun has a fifty-two week low of $47.53 and a fifty-two week high of $70.50. The firm has a market capitalization of $934.84 million, a P/E ratio of 31.78 and a beta of 1.40.

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.