Ducommun Incorporated (NYSE:DCO) Short Interest Update

Ducommun Incorporated (NYSE:DCO - Get Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 209,000 shares, a decrease 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 currently 4.2 days.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com raised Ducommun from a "hold" rating to a "buy" rating in a research report on Saturday, August 17th. Truist Financial reaffirmed a "buy" rating and issued a $72.00 price objective (up from $65.00) on shares of Ducommun in a research note on Friday, August 9th. Finally, The Goldman Sachs Group raised shares of Ducommun from a "neutral" rating to a "buy" rating and raised their target price for the company from $64.00 to $80.00 in a research report on Tuesday, August 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $71.00.

Ducommun Stock Down 0.2 %

Shares of NYSE DCO traded down $0.11 during mid-day trading on Thursday, reaching $66.22. 54,096 shares of the company were exchanged, compared to its average volume of 76,888. Ducommun has a 1 year low of $45.75 and a 1 year high of $67.04. The firm has a 50-day moving average of $64.23 and a 200 day moving average of $59.72. The stock has a market cap of $974.49 million, a price-to-earnings ratio of 55.65 and a beta of 1.38. The company has a quick ratio of 1.97, a current ratio of 3.06 and a debt-to-equity ratio of 0.38.

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

Insider Buying and Selling

In other news, VP Jerry L. Redondo sold 3,300 shares of the company's stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $60.69, for a total transaction of $200,277.00. Following the transaction, the vice president now owns 63,826 shares of the company's stock, valued at approximately $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Jerry L. Redondo sold 770 shares of Ducommun stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $64.20, for a total transaction of $49,434.00. Following the completion of the sale, the vice president now owns 63,826 shares in the company, valued at $4,097,629.20. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jerry L. Redondo sold 3,300 shares of the company's stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $60.69, for a total transaction of $200,277.00. Following the completion of the transaction, the vice president now owns 63,826 shares in the company, valued at $3,873,599.94. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,270 shares of company stock valued at $329,295 in the last ninety days. 8.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ducommun

Institutional investors have recently bought and sold shares of the company. RDST Capital LLC increased its position in shares of Ducommun by 16.8% during the second quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company's stock worth $31,369,000 after purchasing an additional 77,595 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in Ducommun by 70.4% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 112,664 shares of the aerospace company's stock valued at $6,541,000 after buying an additional 46,544 shares in the last quarter. Gabelli Funds LLC raised its stake in Ducommun by 26.8% in the second quarter. Gabelli Funds LLC now owns 78,929 shares of the aerospace company's stock valued at $4,583,000 after buying an additional 16,674 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Ducommun by 7.6% in the first quarter. First Eagle Investment Management LLC now owns 219,479 shares of the aerospace company's stock worth $11,259,000 after acquiring an additional 15,494 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Ducommun during the second quarter worth about $774,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

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.