Charles Schwab Investment Management Inc. Buys 3,561 Shares of Ducommun Incorporated $DCO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in Ducommun Incorporated by 2.5%, owning 146,133 shares valued at approximately $8.48 million as of the latest SEC filing.
• Ducommun recently reported earnings of $0.88 per share, surpassing analysts' expectations of $0.80, and its revenue increased by 2.7% compared to the previous year.
• Analysts have generally given Ducommun a "Moderate Buy" rating with a consensus target price of $97.50, following upgrades and price target increases from several investment firms.

Charles Schwab Investment Management Inc. grew its stake in Ducommun Incorporated (NYSE:DCO - Free Report) by 2.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 146,133 shares of the aerospace company's stock after acquiring an additional 3,561 shares during the period. Charles Schwab Investment Management Inc. owned 0.98% of Ducommun worth $8,480,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Virtus Fund Advisers LLC bought a new position in Ducommun in the 4th quarter worth about $78,000. Central Pacific Bank Trust Division grew its stake in Ducommun by 200.0% in the 1st quarter. Central Pacific Bank Trust Division now owns 1,500 shares of the aerospace company's stock worth $87,000 after acquiring an additional 1,000 shares in the last quarter. Parvin Asset Management LLC bought a new position in Ducommun in the 4th quarter worth about $98,000. Point72 Asset Management L.P. bought a new position in Ducommun in the 4th quarter worth about $106,000. Finally, Aquatic Capital Management LLC grew its stake in Ducommun by 59.4% in the 4th quarter. Aquatic Capital Management LLC now owns 2,232 shares of the aerospace company's stock worth $142,000 after acquiring an additional 832 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

Ducommun Trading Up 1.4%

NYSE:DCO opened at $94.1250 on Tuesday. Ducommun Incorporated has a 52 week low of $51.76 and a 52 week high of $94.72. The firm has a 50 day moving average of $87.55 and a 200 day moving average of $71.08. The company has a quick ratio of 2.17, a current ratio of 3.24 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 35.79 and a beta of 1.38.

Ducommun (NYSE:DCO - Get Free Report) last posted its earnings results on Thursday, August 7th. The aerospace company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Ducommun had a net margin of 5.03% and a return on equity of 7.61%. The company had revenue of $202.26 million during the quarter, compared to analysts' expectations of $199.29 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. Ducommun's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Ducommun Incorporated will post 3.21 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup restated a "buy" rating and issued a $101.00 target price (up from $91.00) on shares of Ducommun in a research note on Monday, July 14th. Zacks Research upgraded shares of Ducommun to a "hold" rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of Ducommun from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 10th. Royal Bank Of Canada increased their price objective on shares of Ducommun from $95.00 to $100.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, Truist Financial increased their price objective on shares of Ducommun from $87.00 to $95.00 and gave the company a "buy" rating in a research note on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $97.50.

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.

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