Short Interest in Ducommun Incorporated (NYSE:DCO) Declines By 15.1%

Ducommun Incorporated (NYSE:DCO - Get Free Report) saw a large decline in short interest during 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. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 79,200 shares, the short-interest ratio is presently 1.6 days.

Analyst Upgrades and Downgrades

Several research firms have commented on DCO. Truist Financial set a $76.00 price objective on shares of Ducommun in a research report on Wednesday. StockNews.com raised shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Wednesday. Finally, B. Riley reaffirmed a "buy" rating on shares of Ducommun in a research report on Wednesday. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Ducommun currently has a consensus rating of "Buy" and an average price target of $76.00.

Hedge Funds Weigh In On Ducommun

Institutional investors and hedge funds have recently modified their holdings of the company. Rafferty Asset Management LLC increased its stake in Ducommun by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company's stock valued at $222,000 after purchasing an additional 164 shares during the period. Arizona State Retirement System lifted its position in shares of Ducommun by 4.8% during the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company's stock valued at $221,000 after acquiring an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Ducommun by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company's stock valued at $492,000 after purchasing an additional 247 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Ducommun by 12.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,298 shares of the aerospace company's stock valued at $146,000 after purchasing an additional 261 shares in the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Ducommun by 804.2% in the fourth quarter. Sterling Capital Management LLC now owns 434 shares of the aerospace company's stock worth $28,000 after acquiring an additional 386 shares during the last quarter. Institutional investors and hedge funds own 92.15% of the company's stock.

Ducommun Price Performance

Shares of Ducommun stock traded up $1.18 on Thursday, reaching $64.86. The company's stock had a trading volume of 22,197 shares, compared to its average volume of 76,866. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $964.01 million, a P/E ratio of 32.59 and a beta of 1.30. Ducommun has a 52-week low of $51.76 and a 52-week high of $70.50. The stock has a 50-day moving average price of $57.67 and a 200-day moving average price of $62.24.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.63 by $0.20. The firm had revenue of $194.11 million during the quarter, compared to analysts' expectations of $192.30 million. Ducommun had a return on equity of 7.40% and a net margin of 3.82%. The business's revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.70 earnings per share. Analysts expect that Ducommun will post 3.21 EPS for the current year.

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.