Charles Schwab Investment Management Inc. Sells 17,044 Shares of Ducommun Incorporated (NYSE:DCO)

Charles Schwab Investment Management Inc. decreased its position in Ducommun Incorporated (NYSE:DCO) by 9.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,461 shares of the aerospace company’s stock after selling 17,044 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Ducommun were worth $10,431,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of DCO. Inspire Investing LLC grew its stake in shares of Ducommun by 3.3% during the 3rd quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company’s stock worth $414,000 after acquiring an additional 201 shares during the period. Victory Capital Management Inc. boosted its position in Ducommun by 1.6% during the third quarter. Victory Capital Management Inc. now owns 18,900 shares of the aerospace company’s stock worth $1,244,000 after purchasing an additional 300 shares during the period. Pathstone Holdings LLC increased its stake in shares of Ducommun by 1.1% in the third quarter. Pathstone Holdings LLC now owns 28,375 shares of the aerospace company’s stock worth $1,868,000 after purchasing an additional 319 shares in the last quarter. Rhumbline Advisers raised its position in shares of Ducommun by 4.7% in the second quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock valued at $1,390,000 after purchasing an additional 1,067 shares during the period. Finally, Eastern Bank purchased a new stake in shares of Ducommun during the 3rd quarter valued at approximately $118,000. 92.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Ducommun from a “neutral” rating to a “buy” rating and boosted their target price for the company from $64.00 to $80.00 in a report on Tuesday, August 13th. StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Finally, Truist Financial upped their price target on Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Ducommun presently has a consensus rating of “Buy” and an average target price of $73.00.

Ducommun Price Performance

NYSE:DCO opened at $60.94 on Tuesday. Ducommun Incorporated has a 52-week low of $47.53 and a 52-week high of $70.50. The stock has a fifty day moving average of $64.71 and a 200 day moving average of $62.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 2.16 and a current ratio of 3.21. The firm has a market capitalization of $900.69 million, a price-to-earnings ratio of 30.62 and a beta of 1.41.

Insider Transactions at Ducommun

In related news, Director Robert C. Ducommun sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $69.50, for a total value of $69,500.00. Following the completion of the sale, the director now owns 409,900 shares in the company, valued at $28,488,050. The trade was a 0.24 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen G. Oswald sold 1,200 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $66.32, for a total value of $79,584.00. Following the completion of the sale, the chief executive officer now directly owns 341,151 shares of the company’s stock, valued at approximately $22,625,134.32. This represents a 0.35 % decrease in their position. The disclosure for this sale can be found here. 8.80% of the stock is owned by insiders.

Ducommun 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.