Ducommun Incorporated (NYSE:DCO) Short Interest Up 25.5% in April

Ducommun Incorporated (NYSE:DCO - Get Free Report) saw a large increase in short interest in April. As of April 15th, there was short interest totalling 270,300 shares, an increase of 25.5% from the March 31st total of 215,400 shares. Based on an average daily trading volume, of 108,800 shares, the days-to-cover ratio is currently 2.5 days.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial reduced their price target on Ducommun from $69.00 to $65.00 and set a "buy" rating on the stock in a report on Friday, February 16th. B. Riley reaffirmed a "buy" rating and set a $72.00 target price on shares of Ducommun in a research note on Friday, February 16th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $60.00 price target on shares of Ducommun in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Ducommun currently has a consensus rating of "Moderate Buy" and an average price target of $62.80.

Hedge Funds Weigh In On Ducommun

Hedge funds and other institutional investors have recently bought and sold shares of the company. Covestor Ltd boosted its stake in shares of Ducommun by 33.9% in the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company's stock valued at $47,000 after purchasing an additional 274 shares during the period. PNC Financial Services Group Inc. lifted its holdings in Ducommun by 658.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,927 shares of the aerospace company's stock worth $100,000 after buying an additional 1,673 shares in the last quarter. Denali Advisors LLC boosted its position in Ducommun by 33.3% in the 3rd quarter. Denali Advisors LLC now owns 4,800 shares of the aerospace company's stock valued at $209,000 after buying an additional 1,200 shares during the period. Advisor Partners II LLC acquired a new position in shares of Ducommun in the third quarter worth $211,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Ducommun during the first quarter worth $295,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Ducommun Trading Down 0.1 %

DCO traded down $0.06 on Tuesday, hitting $54.09. The company had a trading volume of 79,422 shares, compared to its average volume of 105,833. The company's fifty day moving average price is $50.95 and its 200 day moving average price is $50.21. Ducommun has a 1 year low of $40.24 and a 1 year high of $58.19. The company has a current ratio of 2.99, a quick ratio of 1.91 and a debt-to-equity ratio of 0.40. The firm has a market cap of $791.88 million, a P/E ratio of 47.09 and a beta of 1.28.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The aerospace company reported $0.70 earnings per share for the quarter, topping analysts' consensus estimates of $0.59 by $0.11. Ducommun had a net margin of 2.10% and a return on equity of 5.94%. The firm had revenue of $192.23 million during the quarter, compared to analysts' expectations of $193.24 million. As a group, equities analysts expect that Ducommun will post 2.75 earnings per share for the current year.

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.

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