Charles Schwab Investment Management Inc. Cuts Stock Position in Ducommun Incorporated (NYSE:DCO)

Charles Schwab Investment Management Inc. lowered its position in Ducommun Incorporated (NYSE:DCO) by 10.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 142,572 shares of the aerospace company’s stock after selling 15,889 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Ducommun were worth $9,076,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCO. Wellington Management Group LLP purchased a new position in shares of Ducommun in the 3rd quarter worth approximately $8,990,000. Barclays PLC grew its position in shares of Ducommun by 137.2% in the 3rd quarter. Barclays PLC now owns 53,382 shares of the aerospace company’s stock worth $3,514,000 after buying an additional 30,873 shares during the last quarter. Jane Street Group LLC grew its position in shares of Ducommun by 140.4% in the 3rd quarter. Jane Street Group LLC now owns 34,655 shares of the aerospace company’s stock worth $2,281,000 after buying an additional 20,240 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Ducommun by 216.7% in the 4th quarter. Van ECK Associates Corp now owns 20,950 shares of the aerospace company’s stock worth $1,334,000 after buying an additional 14,334 shares during the last quarter. Finally, FMR LLC grew its position in shares of Ducommun by 46.1% in the 3rd quarter. FMR LLC now owns 44,331 shares of the aerospace company’s stock worth $2,918,000 after buying an additional 13,989 shares during the last quarter. Hedge funds and other institutional investors own 92.15% of the company’s stock.

Ducommun Stock Down 1.0 %

DCO stock opened at $58.95 on Friday. The firm has a 50 day moving average of $63.56 and a 200 day moving average of $63.97. The stock has a market capitalization of $876.10 million, a PE ratio of 29.62 and a beta of 1.56. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. Ducommun Incorporated has a 52 week low of $48.21 and a 52 week high of $70.50.

Wall Street Analyst Weigh In

DCO has been the topic of a number of analyst reports. StockNews.com downgraded shares of Ducommun from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 28th. Royal Bank of Canada assumed coverage on shares of Ducommun in a research note on Tuesday, December 31st. They issued an “outperform” rating and a $72.00 target price for the company. Finally, Truist Financial lifted their target price on shares of Ducommun from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th.

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.