Charles Schwab Investment Management Inc. Buys 10,090 Shares of Ducommun Incorporated (NYSE:DCO)

Charles Schwab Investment Management Inc. boosted its stake in Ducommun Incorporated (NYSE:DCOFree Report) by 5.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 188,363 shares of the aerospace company’s stock after acquiring an additional 10,090 shares during the period. Charles Schwab Investment Management Inc. owned 1.29% of Ducommun worth $9,806,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of DCO. Covestor Ltd raised its position in shares of Ducommun by 33.9% during the third quarter. Covestor Ltd now owns 1,083 shares of the aerospace company’s stock worth $47,000 after purchasing an additional 274 shares during the period. Advisors Asset Management Inc. raised its position in shares of Ducommun by 13.1% during the third quarter. Advisors Asset Management Inc. now owns 8,580 shares of the aerospace company’s stock worth $373,000 after purchasing an additional 995 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Ducommun by 20.3% during the third quarter. Janney Montgomery Scott LLC now owns 9,458 shares of the aerospace company’s stock worth $412,000 after purchasing an additional 1,598 shares during the period. Manatuck Hill Partners LLC raised its position in shares of Ducommun by 20.0% during the third quarter. Manatuck Hill Partners LLC now owns 18,000 shares of the aerospace company’s stock worth $783,000 after purchasing an additional 3,000 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Ducommun by 10.2% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,013 shares of the aerospace company’s stock worth $871,000 after purchasing an additional 1,860 shares during the period. 92.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $72.00 target price on shares of Ducommun in a research report on Friday, February 16th. Royal Bank of Canada reissued an “outperform” rating and issued a $60.00 price target on shares of Ducommun in a research report on Friday, February 16th. Truist Financial lowered their price target on Ducommun from $69.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, February 16th. StockNews.com raised Ducommun from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group increased their price target on Ducommun from $57.00 to $64.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.20.

Get Our Latest Stock Report on Ducommun

Ducommun Stock Up 0.2 %

Shares of NYSE:DCO opened at $57.73 on Friday. The company has a market capitalization of $849.79 million, a PE ratio of 48.51 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.99 and a quick ratio of 1.88. The business has a fifty day moving average price of $54.44 and a two-hundred day moving average price of $51.71. Ducommun Incorporated has a 1 year low of $40.24 and a 1 year high of $60.00.

Ducommun (NYSE:DCOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The aerospace company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.18. The firm had revenue of $190.90 million during the quarter, compared to the consensus estimate of $189.20 million. Ducommun had a return on equity of 6.06% and a net margin of 2.29%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Analysts forecast that Ducommun Incorporated will post 2.77 earnings per share for the current year.

About Ducommun

(Free Report)

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.

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Institutional Ownership by Quarter for Ducommun (NYSE:DCO)

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