Great West Life Assurance Co. Can lowered its position in Esterline Technologies Co. (NYSE:ESL) by 10.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 15,638 shares of the aerospace company’s stock after selling 1,890 shares during the period. Great West Life Assurance Co. Can owned 0.05% of Esterline Technologies worth $1,427,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. LMR Partners LLP lifted its position in shares of Esterline Technologies by 11.0% in the 3rd quarter. LMR Partners LLP now owns 10,561 shares of the aerospace company’s stock worth $952,000 after purchasing an additional 1,046 shares during the period. Macquarie Group Ltd. lifted its position in shares of Esterline Technologies by 11.1% in the 3rd quarter. Macquarie Group Ltd. now owns 217,694 shares of the aerospace company’s stock worth $19,625,000 after purchasing an additional 21,706 shares during the period. Clarius Group LLC acquired a new position in shares of Esterline Technologies in the 3rd quarter worth approximately $1,349,000. Advisors Asset Management Inc. lifted its position in shares of Esterline Technologies by 8.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 26,138 shares of the aerospace company’s stock worth $2,356,000 after purchasing an additional 2,030 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Esterline Technologies in the 3rd quarter worth approximately $307,000. Hedge funds and other institutional investors own 92.00% of the company’s stock.
Several research firms have recently weighed in on ESL. ValuEngine lowered shares of Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Canaccord Genuity lowered their price objective on shares of Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, November 10th. SunTrust Banks reiterated a “buy” rating on shares of Esterline Technologies in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, Jefferies Group reiterated a “hold” rating and issued a $83.00 price objective on shares of Esterline Technologies in a research note on Monday. Two equities research 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’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $80.17.
Esterline Technologies Co. (ESL) traded down $2.00 during trading hours on Friday, hitting $75.40. 206,053 shares of the stock traded hands, compared to its average volume of 227,344. The company has a market cap of $2,260.00, a price-to-earnings ratio of 18.17, a P/E/G ratio of 1.61 and a beta of 1.43. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41. Esterline Technologies Co. has a 12 month low of $68.30 and a 12 month high of $102.70.
Esterline Technologies (NYSE:ESL) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). The business had revenue of $531.50 million for the quarter, compared to the consensus estimate of $540.55 million. Esterline Technologies had a net margin of 6.99% and a return on equity of 8.25%. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.96 EPS. equities research analysts anticipate that Esterline Technologies Co. will post 3.85 EPS for the current fiscal year.
In other Esterline Technologies news, Chairman Curtis C. Reusser purchased 2,900 shares of the firm’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average price of $70.00 per share, for a total transaction of $203,000.00. Following the purchase, the chairman now owns 39,199 shares of the company’s stock, valued at approximately $2,743,930. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder J Richard Atwood sold 31,155 shares of the business’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $96.04, for a total transaction of $2,992,126.20. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 6,800 shares of company stock valued at $479,015 and have sold 268,290 shares valued at $25,452,666. Insiders own 1.30% of the company’s stock.
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Esterline Technologies Company Profile
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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