Ducommun Incorporated (NYSE:DCO) Short Interest Down 15.1% in April

Ducommun Incorporated (NYSE:DCO - Get Free Report) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 126,400 shares, a decline of 15.1% from the March 31st total of 148,900 shares. Currently, 0.9% of the shares of the company are short sold. Based on an average daily trading volume, of 79,200 shares, the days-to-cover ratio is presently 1.6 days.

Ducommun Price Performance

Shares of NYSE DCO opened at $59.03 on Friday. The company's fifty day moving average is $57.55 and its two-hundred day moving average is $62.34. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The firm has a market capitalization of $877.36 million, a P/E ratio of 29.66 and a beta of 1.27. Ducommun has a one year low of $51.76 and a one year high of $70.50.

Institutional Investors Weigh In On Ducommun

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC boosted its position in shares of Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company's stock worth $3,514,000 after buying an additional 30,873 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Ducommun during the 3rd quarter worth approximately $204,000. Franklin Resources Inc. increased its position in Ducommun by 13.4% during the third quarter. Franklin Resources Inc. now owns 77,712 shares of the aerospace company's stock worth $5,023,000 after buying an additional 9,187 shares in the last quarter. Central Pacific Bank Trust Division acquired a new position in shares of Ducommun in the fourth quarter worth $32,000. Finally, Oliver Luxxe Assets LLC lifted its position in shares of Ducommun by 3.3% in the fourth quarter. Oliver Luxxe Assets LLC now owns 20,972 shares of the aerospace company's stock valued at $1,335,000 after acquiring an additional 668 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DCO has been the topic of several analyst reports. Truist Financial lowered their target price on shares of Ducommun from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. StockNews.com lowered Ducommun from a "strong-buy" rating to a "buy" rating in a report on Tuesday, April 15th.

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.

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