Short Interest in Ducommun Incorporated (NYSE:DCO) Grows By 25.5%

Ducommun Incorporated (NYSE:DCO) 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 trading volume of 108,800 shares, the days-to-cover ratio is currently 2.5 days.

Hedge Funds Weigh In On Ducommun

Hedge funds have recently modified their holdings of the stock. Paradigm Capital Management Inc. NY increased its holdings in Ducommun by 33.0% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,420,200 shares of the aerospace company’s stock valued at $61,793,000 after purchasing an additional 352,185 shares in the last quarter. GW&K Investment Management LLC acquired a new stake in shares of Ducommun in the 4th quarter valued at $13,699,000. Charles Schwab Investment Management Inc. increased its stake in shares of Ducommun by 106.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 178,273 shares of the aerospace company’s stock valued at $7,757,000 after buying an additional 92,007 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Ducommun by 37.3% in the 3rd quarter. First Eagle Investment Management LLC now owns 247,689 shares of the aerospace company’s stock valued at $10,777,000 after buying an additional 67,226 shares during the period. Finally, Diamond Hill Capital Management Inc. acquired a new stake in shares of Ducommun in the 3rd quarter valued at $2,704,000. 92.15% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DCO. Truist Financial decreased their target price on Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Royal Bank of Canada restated an “outperform” rating and issued a $60.00 target price on shares of Ducommun in a report on Friday, February 16th. Finally, B. Riley reiterated a “buy” rating and set a $72.00 price target on shares of Ducommun in a report on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $62.80.

Ducommun Price Performance

Shares of DCO traded down $0.06 during mid-day trading on Tuesday, reaching $54.09. The company had a trading volume of 79,422 shares, compared to its average volume of 105,833. Ducommun has a twelve month low of $40.24 and a twelve month high of $58.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.99 and a quick ratio of 1.91. The company’s 50-day moving average is $51.06 and its 200-day moving average is $50.27. The company has a market capitalization of $791.88 million, a P/E ratio of 47.04 and a beta of 1.28.

Ducommun (NYSE:DCO) last issued its earnings results on Thursday, February 15th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.11. Ducommun had a return on equity of 5.94% and a net margin of 2.10%. The business had revenue of $192.23 million during the quarter, compared to analysts’ expectations of $193.24 million. On average, equities analysts anticipate that Ducommun will post 2.75 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.