Esterline Technologies (NYSE:ESL) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, December 1st.
Several other equities research analysts have also recently weighed in on ESL. SunTrust Banks reissued a “buy” rating on shares of Esterline Technologies in a research report on Thursday, October 12th. Zacks Investment Research cut Esterline Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Drexel Hamilton cut Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Canaccord Genuity reaffirmed a “hold” rating and issued a $78.00 target price on shares of Esterline Technologies in a research report on Monday, November 27th. Finally, Credit Suisse Group lowered Esterline Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $106.00 to $100.00 in a research note on Friday, August 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Esterline Technologies currently has a consensus rating of “Hold” and a consensus target price of $90.33.
Shares of Esterline Technologies (ESL) opened at $69.85 on Friday. Esterline Technologies has a twelve month low of $68.30 and a twelve month high of $102.70. The stock has a market capitalization of $2,094.41, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.49 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.26). The firm had revenue of $531.50 million during the quarter, compared to analyst estimates of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 EPS. equities analysts expect that Esterline Technologies will post 3.85 earnings per share for the current year.
In other Esterline Technologies news, Director Nils Larsen acquired 1,450 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price of $70.10 per share, for a total transaction of $101,645.00. Following the acquisition, the director now directly owns 4,140 shares of the company’s stock, valued at approximately $290,214. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hawkeye Fund Fpa sold 7,621 shares of Esterline Technologies stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $91.04, for a total value of $693,815.84. The disclosure for this sale can be found here. In the last quarter, insiders purchased 5,800 shares of company stock worth $406,885 and sold 269,911 shares worth $25,692,702. 1.40% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of ESL. Teachers Advisors LLC increased its position in shares of Esterline Technologies by 4.9% during the 1st quarter. Teachers Advisors LLC now owns 58,277 shares of the aerospace company’s stock worth $5,015,000 after purchasing an additional 2,746 shares during the last quarter. Bank of Montreal Can boosted its stake in Esterline Technologies by 874.0% in the 2nd quarter. Bank of Montreal Can now owns 30,505 shares of the aerospace company’s stock valued at $2,892,000 after purchasing an additional 27,373 shares during the period. LS Investment Advisors LLC boosted its stake in Esterline Technologies by 15.4% in the 2nd quarter. LS Investment Advisors LLC now owns 2,427 shares of the aerospace company’s stock valued at $230,000 after purchasing an additional 323 shares during the period. Aperio Group LLC boosted its stake in Esterline Technologies by 19.2% in the 2nd quarter. Aperio Group LLC now owns 5,353 shares of the aerospace company’s stock valued at $507,000 after purchasing an additional 861 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in Esterline Technologies by 1.7% in the 2nd quarter. State Treasurer State of Michigan now owns 12,300 shares of the aerospace company’s stock valued at $1,166,000 after purchasing an additional 200 shares during the period. 91.26% of the stock is currently owned by hedge funds and other institutional investors.
About Esterline Technologies
Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application within the industries it serves. The Company operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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