Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO) was the recipient of a significant decline in short interest during the month of January. As of January 31st, there was short interest totalling 134,000 shares, a decline 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.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on DCO shares. 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. Truist Financial lifted their price objective on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th.

Ducommun Stock Down 0.5 %

DCO stock traded down $0.31 during midday trading on Monday, reaching $62.76. The company had a trading volume of 151,272 shares, compared to its average volume of 62,779. The company has a 50 day moving average of $65.29 and a two-hundred day moving average of $64.60. The company has a market capitalization of $927.57 million, a P/E ratio of 31.54 and a beta of 1.40. Ducommun has a 1 year low of $47.53 and a 1 year high of $70.50. The company has a current ratio of 3.21, a quick ratio of 2.16 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the sale, the director now owns 409,900 shares in the company, valued at approximately $28,488,050. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 8.80% of the stock is currently owned by company insiders.

Institutional Trading of Ducommun

Hedge funds and other institutional investors have recently modified their holdings of the company. Virtus Fund Advisers LLC bought a new position in Ducommun during the fourth quarter valued at approximately $78,000. Virtus Investment Advisers Inc. acquired a new stake in shares of Ducommun in the 4th quarter valued at $802,000. Two Sigma Investments LP boosted its stake in shares of Ducommun by 76.9% during the 4th quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company’s stock worth $4,710,000 after acquiring an additional 32,156 shares in the last quarter. Sherbrooke Park Advisers LLC acquired a new position in shares of Ducommun during the 4th quarter valued at about $217,000. Finally, Royal Bank of Canada raised its stake in shares of Ducommun by 8.1% in the 4th quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company’s stock valued at $23,005,000 after acquiring an additional 27,068 shares in the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

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.