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

Charles Schwab Investment Management Inc. reduced its stake in shares of Ducommun Incorporated (NYSE:DCO) by 9.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 158,461 shares of the aerospace company’s stock after selling 17,044 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.07% of Ducommun worth $10,431,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. RDST Capital LLC lifted its stake in Ducommun by 16.8% in the 2nd quarter. RDST Capital LLC now owns 540,290 shares of the aerospace company’s stock valued at $31,369,000 after acquiring an additional 77,595 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Ducommun by 15.7% in the third quarter. Diamond Hill Capital Management Inc. now owns 130,384 shares of the aerospace company’s stock worth $8,583,000 after purchasing an additional 17,720 shares in the last quarter. Oliver Luxxe Assets LLC grew its position in Ducommun by 111.5% in the third quarter. Oliver Luxxe Assets LLC now owns 20,304 shares of the aerospace company’s stock valued at $1,337,000 after purchasing an additional 10,702 shares in the last quarter. Easterly Investment Partners LLC acquired a new stake in Ducommun in the 2nd quarter valued at $656,000. Finally, Rhumbline Advisers lifted its position in Ducommun by 4.7% during the 2nd quarter. Rhumbline Advisers now owns 23,934 shares of the aerospace company’s stock worth $1,390,000 after buying an additional 1,067 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DCO. Truist Financial raised their target price on shares of Ducommun from $71.00 to $80.00 and gave the company a “buy” rating in a research note on Friday, November 8th. The Goldman Sachs Group raised Ducommun from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $64.00 to $80.00 in a research report on Tuesday, August 13th. Finally, StockNews.com raised Ducommun from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $73.00.

Ducommun Stock Performance

Shares of Ducommun stock opened at $60.94 on Tuesday. The stock has a market cap of $900.69 million, a price-to-earnings ratio of 30.62 and a beta of 1.41. Ducommun Incorporated has a twelve month low of $47.53 and a twelve month high of $70.50. The company’s fifty day moving average is $64.71 and its 200 day moving average is $62.47. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In related news, Director Robert C. Ducommun sold 1,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $69.50, for a total value of $69,500.00. Following the transaction, the director now owns 409,900 shares of the company’s stock, valued at approximately $28,488,050. This trade represents a 0.24 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen G. Oswald sold 1,200 shares of the 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 trade represents a 0.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 8.80% of the company’s stock.

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.