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

Ducommun Incorporated (NYSE:DCO) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 126,400 shares, a drop of 15.1% from the March 31st total of 148,900 shares. Based on an average daily trading volume, of 79,200 shares, the short-interest ratio is presently 1.6 days. Approximately 0.9% of the shares of the stock are sold short.

Ducommun Stock Up 1.6 %

DCO stock opened at $59.03 on Monday. 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 capitalization of $877.36 million, a P/E ratio of 29.66 and a beta of 1.27. Ducommun has a 52-week low of $51.76 and a 52-week high of $70.50. The company’s 50 day simple moving average is $57.55 and its 200-day simple moving average is $62.29.

Institutional Trading of Ducommun

Several large investors have recently added to or reduced their stakes in the company. Rafferty Asset Management LLC boosted its position in shares of Ducommun by 4.9% in the fourth quarter. Rafferty Asset Management LLC now owns 3,481 shares of the aerospace company’s stock worth $222,000 after buying an additional 164 shares during the period. Arizona State Retirement System boosted its position in Ducommun by 4.8% during the 1st quarter. Arizona State Retirement System now owns 3,815 shares of the aerospace company’s stock worth $221,000 after acquiring an additional 176 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ducommun by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,731 shares of the aerospace company’s stock valued at $492,000 after acquiring an additional 247 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Ducommun by 12.8% in the 4th 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 during the period. Finally, Sterling Capital Management LLC lifted its position 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 purchasing an additional 386 shares in the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Truist Financial dropped their price target on 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 research 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.