Ducommun Incorporated (NYSE:DCO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 158,461 shares of the aerospace company's stock after selling 17,044 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.07% of Ducommun worth $10,431,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in DCO. Eastern Bank acquired a new stake in Ducommun during the third quarter worth about $118,000. SG Americas Securities LLC acquired a new position in Ducommun during the third quarter valued at approximately $213,000. Arizona State Retirement System purchased a new stake in Ducommun during the second quarter worth approximately $202,000. Levin Capital Strategies L.P. acquired a new stake in shares of Ducommun in the second quarter worth $305,000. Finally, Inspire Investing LLC raised its stake in shares of Ducommun by 3.3% in the 3rd quarter. Inspire Investing LLC now owns 6,296 shares of the aerospace company's stock valued at $414,000 after acquiring an additional 201 shares during the period. 92.15% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Ducommun news, Director Robert C. Ducommun sold 1,000 shares of the company'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 transaction of $69,500.00. Following the sale, the director now owns 409,900 shares in the company, valued at $28,488,050. This represents a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Stephen G. Oswald sold 1,200 shares of Ducommun 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 transaction, the chief executive officer now owns 341,151 shares of the company's stock, valued at approximately $22,625,134.32. The trade was a 0.35 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.80% of the company's stock.

Ducommun Stock Up 1.3 %

Shares of DCO traded up $0.77 during trading on Tuesday, reaching $61.63. The company's stock had a trading volume of 57,557 shares, compared to its average volume of 84,556. The company has a market cap of $910.89 million, a price-to-earnings ratio of 30.90 and a beta of 1.41. The company has a quick ratio of 2.16, a current ratio of 3.21 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $64.71 and a two-hundred day moving average of $62.47. Ducommun Incorporated has a twelve month low of $47.53 and a twelve month high of $70.50.

Analyst Ratings Changes

Several research analysts have commented on the company. Truist Financial raised their price objective on Ducommun from $71.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, November 8th. StockNews.com raised Ducommun from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Finally, The Goldman Sachs Group raised shares of Ducommun from a "neutral" rating to a "buy" rating and increased their price objective for the company from $64.00 to $80.00 in a research report on Tuesday, August 13th. 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 has a consensus rating of "Buy" and a consensus target price of $73.00.

About Ducommun

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.