Short Interest in Ducommun Incorporated (NYSE:DCO) Decreases By 6.3%

Ducommun Incorporated (NYSE:DCO) saw a significant drop in short interest during the month of January. As of January 31st, there was short interest totalling 134,000 shares, a drop of 6.3% from the January 15th total of 143,000 shares. Based on an average daily volume of 116,900 shares, the days-to-cover ratio is presently 1.1 days.

Ducommun Price Performance

Shares of Ducommun stock traded down $0.31 during midday trading on Monday, hitting $62.76. 151,272 shares of the company were exchanged, compared to its average volume of 62,779. The firm has a 50 day simple moving average of $65.29 and a 200-day simple moving average of $64.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.21 and a quick ratio of 2.16. The firm has a market cap of $927.57 million, a P/E ratio of 31.54 and a beta of 1.40. Ducommun has a 52 week low of $47.53 and a 52 week high of $70.50.

Insider Transactions at Ducommun

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the sale, the director now directly owns 409,900 shares in the company, valued at $28,488,050. This trade represents a 0.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DCO. Virtus Fund Advisers LLC bought a new stake in shares of Ducommun in the 4th quarter worth about $78,000. Virtus Investment Advisers Inc. acquired a new position in Ducommun in the fourth quarter valued at about $802,000. Two Sigma Investments LP grew its stake in Ducommun by 76.9% during the fourth quarter. Two Sigma Investments LP now owns 73,990 shares of the aerospace company’s stock worth $4,710,000 after buying an additional 32,156 shares during the last quarter. Sherbrooke Park Advisers LLC acquired a new stake in shares of Ducommun during the fourth quarter worth approximately $217,000. Finally, Royal Bank of Canada boosted its holdings in shares of Ducommun by 8.1% in the 4th quarter. Royal Bank of Canada now owns 361,373 shares of the aerospace company’s stock worth $23,005,000 after acquiring an additional 27,068 shares in the last quarter. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Truist Financial raised their target price on Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada began coverage on shares of Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 price objective for the company.

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.