Ducommun Incorporated (NYSE:DCO) Short Interest Up 19.0% in February

Ducommun Incorporated (NYSE:DCO) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 393,159 shares, an increase of 19.0% from the January 29th total of 330,394 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily volume of 178,779 shares, the short-interest ratio is presently 2.2 days. Based on an average daily volume of 178,779 shares, the short-interest ratio is presently 2.2 days. Currently, 2.9% of the company’s stock are short sold.

Ducommun Stock Performance

DCO traded down $10.34 during trading on Thursday, hitting $129.11. The stock had a trading volume of 65,146 shares, compared to its average volume of 168,569. The firm has a market capitalization of $1.94 billion, a P/E ratio of -55.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.47 and a current ratio of 3.50. Ducommun has a twelve month low of $51.76 and a twelve month high of $140.02. The company’s 50-day moving average price is $114.61 and its 200 day moving average price is $100.37.

Ducommun (NYSE:DCO) last issued its quarterly earnings results on Thursday, February 26th. The aerospace company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.14. The business had revenue of $215.80 million for the quarter, compared to analyst estimates of $217.42 million. Ducommun had a negative net margin of 4.11% and a positive return on equity of 8.47%. The business’s revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. On average, equities research analysts forecast that Ducommun will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ducommun news, VP Jerry L. Redondo sold 2,000 shares of Ducommun stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $92.86, for a total transaction of $185,720.00. Following the completion of the sale, the vice president directly owned 65,269 shares of the company’s stock, valued at $6,060,879.34. The trade was a 2.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 8.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ducommun

Several institutional investors have recently made changes to their positions in DCO. XTX Topco Ltd acquired a new stake in shares of Ducommun in the fourth quarter valued at about $628,000. VARCOV Co. acquired a new stake in shares of Ducommun in the 4th quarter worth approximately $536,000. Voloridge Investment Management LLC purchased a new position in Ducommun in the 4th quarter valued at approximately $421,000. Wellington Management Group LLP increased its stake in Ducommun by 1.8% in the 4th quarter. Wellington Management Group LLP now owns 103,934 shares of the aerospace company’s stock valued at $9,887,000 after purchasing an additional 1,795 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its holdings in Ducommun by 62.9% during the fourth quarter. Susquehanna Fundamental Investments LLC now owns 8,352 shares of the aerospace company’s stock worth $795,000 after purchasing an additional 3,226 shares during the last quarter. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on DCO shares. B. Riley Financial restated a “buy” rating on shares of Ducommun in a research report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Ducommun in a report on Monday, December 29th. Zacks Research raised Ducommun from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen lowered Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Sunday, February 15th. Finally, Royal Bank Of Canada raised their target price on shares of Ducommun from $100.00 to $142.00 and gave the stock an “outperform” rating in a research report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $138.25.

Ducommun Company Profile

Ducommun Incorporated, through its Electronics and Structures segments, provides engineered products and integrated systems for the global aerospace, defense and space markets. The Electronics segment focuses on high-reliability electronic assemblies, cable and wire harnesses, connector systems and harsh environment electronics for flight-critical applications. In the Structures segment, Ducommun manufactures complex metallic and composite components such as flight control surfaces, skin panels, heat exchangers and other aerostructures for commercial and military platforms.

Founded in 1849 in California as a hardware and stagecoach parts supplier, Ducommun expanded into aerospace manufacturing during World War II and has since grown its capabilities through targeted acquisitions and organic investments.