Ducommun Incorporated (NYSE:DCO) Short Interest Down 13.2% in August
Ducommun Incorporated (NYSE:DCO – Get Rating) saw a sharp drop in short-term interest during August. As of August 31, there was selling interest totaling 92,100 shares, down 13.2% from the August 15 total of 106,100 shares. Based on an average trading volume of 50,400 shares, the day-to-cover ratio is currently 1.8 days. Currently, 0.8% of the company’s shares are sold short.
Performance of the Ducommun share
Shares of DCO were down $1.61 during Friday trading hours, hitting $41.96. 86,156 shares of the company have been traded, compared to its average volume of 35,457. The company has a market capitalization of $506.46 million, a price-earnings ratio of 3.87 and a beta of 1.27 . The company has a debt ratio of 0.50, a current ratio of 2.79 and a quick ratio of 1.85. Ducommun has a 12-month low of $40.00 and a 12-month high of $58.18. The company’s fifty-day simple moving average is $45.30 and its two-hundred-day simple moving average is $47.40.
Wall Street analysts predict growth
Separately, Truist Financial lowered its price target on Ducommun from $72.00 to $63.00 and set a “buy” rating on the stock in a Tuesday, July 19 research report.
In other Ducommun news, Chief Financial Officer Christopher D. Wampler sold 1,500 shares of the company in a trade that took place on Tuesday, September 13. The stock was sold at an average price of $44.18, for a total value of $66,270.00. Following the completion of the transaction, the CFO now owns 21,899 shares of the company, valued at approximately $967,497.82. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Company insiders own 10.80% of the company’s shares.
Institutional entries and exits
Major investors have recently been buying and selling shares of the company. William Blair Investment Management LLC increased its position in Ducommun shares by 2.2% in the 1st quarter. William Blair Investment Management LLC now owns 922,135 shares of the aerospace company valued at $48,311,000 after purchasing an additional 19,916 shares during the period. BlackRock Inc. increased its position in Ducommun shares by 3.6% in the 1st quarter. BlackRock Inc. now owns 839,094 shares of the aerospace company valued at $43,960,000 after purchasing an additional 28,819 shares during the period. Paradigm Capital Management Inc. NY increased its position in Ducommun shares by 3.3% in the 1st quarter. Paradigm Capital Management Inc. NY now owns 738,148 shares of the aerospace company valued at $38,671,000 after purchasing an additional 23,467 shares during the period. Goldman Sachs Group Inc. increased its position in Ducommun shares by 39.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 675,475 shares of the aerospace company valued at $29,072,000 after purchasing an additional 190,608 shares during the period. Finally, Royce & Associates LP increased its position in Ducommun shares by 0.7% in the 1st quarter. Royce & Associates LP now owns 431,202 shares of the aerospace company valued at $22,591,000 after purchasing 2,787 additional shares during the period. Institutional investors hold 85.17% of the company’s shares.
(Get a rating)
Ducommun Incorporated provides engineering and manufacturing products and services primarily to the aerospace and defense, industrial, medical and other industries in the United States. It operates through two segments, Electronic Systems and Structural Systems. The Electronic Systems segment provides cable assemblies and interconnect systems; printed circuit board assemblies; next-level electronic, electromechanical and mechanical components and assemblies, as well as lightning deflection systems; and radar enclosures, aircraft avionics racks, on-board communication and control enclosures, on-board communication and control enclosures, printed circuit board assemblies, cable assemblies, wire harnesses, interconnect systems, lightning deflection strips, surge suppressors, conformal screens and other assemblies.
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