Charles Schwab Investment Management Inc. Sells 15,889 Shares of Ducommun Incorporated (NYSE:DCO)

Charles Schwab Investment Management Inc. decreased its position in Ducommun Incorporated (NYSE:DCO - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142,572 shares of the aerospace company's stock after selling 15,889 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.96% of Ducommun worth $9,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its stake in shares of Ducommun by 1.6% in the 3rd 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 raised its position in 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 acquiring an additional 319 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Ducommun by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 40,454 shares of the aerospace company's stock worth $2,575,000 after acquiring an additional 430 shares during the last quarter. US Bancorp DE grew its position in shares of Ducommun by 49.9% during the 4th quarter. US Bancorp DE now owns 1,327 shares of the aerospace company's stock valued at $84,000 after acquiring an additional 442 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Ducommun in the 4th quarter worth $32,000. Institutional investors own 92.15% of the company's stock.

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Wall Street Analyst Weigh In

Several analysts have issued reports on the company. StockNews.com lowered Ducommun from a "strong-buy" rating to a "buy" rating in a report on Friday, February 28th. Royal Bank of Canada began coverage on Ducommun in a research note on Tuesday, December 31st. They set an "outperform" rating and a $72.00 price objective for the company. Finally, Truist Financial raised 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 Price Performance

NYSE:DCO traded up $0.45 on Wednesday, reaching $59.84. 56,929 shares of the company's stock traded hands, compared to its average volume of 78,934. The stock has a 50-day simple moving average of $63.29 and a 200-day simple moving average of $63.94. Ducommun Incorporated has a 12 month low of $48.21 and a 12 month high of $70.50. The firm has a market cap of $889.40 million, a PE ratio of 30.07 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 Company 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.