Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO) was the target of a significant decline in short interest in 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 currently 1.1 days.

Ducommun Trading Down 0.2 %

Shares of DCO stock opened at $62.37 on Wednesday. The business’s fifty day moving average price is $65.29 and its 200 day moving average price is $64.60. Ducommun has a 1-year low of $47.53 and a 1-year high of $70.50. The firm has a market capitalization of $921.89 million, a PE ratio of 31.34 and a beta of 1.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16.

Insider Transactions at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total transaction of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares in the company, valued at $28,488,050. The trade was a 0.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DCO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Ducommun by 36.9% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 25,456 shares of the aerospace company’s stock valued at $1,621,000 after purchasing an additional 6,866 shares during the last quarter. Virtus Fund Advisers LLC acquired a new stake in Ducommun in the fourth quarter valued at $78,000. Virtus Investment Advisers Inc. acquired a new stake in Ducommun in the fourth quarter valued at $802,000. Two Sigma Investments LP grew its holdings in Ducommun by 76.9% in the fourth quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company’s stock valued at $4,710,000 after purchasing an additional 32,156 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Ducommun in the fourth quarter valued at $217,000. Institutional investors and hedge funds own 92.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on DCO shares. Truist Financial boosted their target price on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. StockNews.com upgraded Ducommun from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Finally, Royal Bank of Canada started coverage on Ducommun in a research note on Tuesday, December 31st. They set an “outperform” rating and a $72.00 target price for the company.

About Ducommun

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.