Two Sigma Advisers LP raised its stake in shares of Esterline Technologies Co. (NYSE:ESL) by 3,504.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,805 shares of the aerospace company’s stock after purchasing an additional 171,900 shares during the quarter. Two Sigma Advisers LP owned about 0.59% of Esterline Technologies worth $13,207,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of ESL. American Century Companies Inc. increased its stake in Esterline Technologies by 4,287.4% during the 4th quarter. American Century Companies Inc. now owns 242,359 shares of the aerospace company’s stock valued at $18,104,000 after purchasing an additional 236,835 shares in the last quarter. BlackRock Inc. increased its stake in Esterline Technologies by 6.9% during the 4th quarter. BlackRock Inc. now owns 3,583,751 shares of the aerospace company’s stock valued at $267,705,000 after purchasing an additional 232,444 shares in the last quarter. Cove Street Capital LLC acquired a new position in Esterline Technologies during the 4th quarter valued at approximately $15,605,000. Franklin Resources Inc. increased its stake in Esterline Technologies by 31.2% during the 4th quarter. Franklin Resources Inc. now owns 750,410 shares of the aerospace company’s stock valued at $56,056,000 after purchasing an additional 178,402 shares in the last quarter. Finally, Kennedy Capital Management Inc. acquired a new position in Esterline Technologies during the 4th quarter valued at approximately $11,895,000. Institutional investors and hedge funds own 94.98% of the company’s stock.
A number of research analysts have issued reports on ESL shares. Credit Suisse Group restated a “neutral” rating and set a $70.00 price target (down previously from $100.00) on shares of Esterline Technologies in a research note on Tuesday, December 12th. ValuEngine upgraded shares of Esterline Technologies from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded shares of Esterline Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Jefferies Group restated a “hold” rating and set a $83.00 price target on shares of Esterline Technologies in a research note on Monday, January 8th. Finally, Canaccord Genuity restated a “hold” rating and set a $78.00 price target on shares of Esterline Technologies in a research note on Monday, November 27th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. Esterline Technologies currently has an average rating of “Hold” and an average price target of $79.71.
Shares of Esterline Technologies Co. (ESL) opened at $73.85 on Friday. The company has a market cap of $2,279.66, a price-to-earnings ratio of 18.99, a PEG ratio of 1.67 and a beta of 1.29. The company has a quick ratio of 2.11, a current ratio of 3.46 and a debt-to-equity ratio of 0.43. Esterline Technologies Co. has a twelve month low of $67.15 and a twelve month high of $102.70.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.47 by $0.02. The business had revenue of $482.30 million for the quarter, compared to the consensus estimate of $459.38 million. Esterline Technologies had a net margin of 3.31% and a return on equity of 6.89%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 EPS. sell-side analysts predict that Esterline Technologies Co. will post 3.81 earnings per share for the current fiscal year.
In other news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total value of $453,780.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.40% of the stock is owned by corporate insiders.
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Esterline Technologies 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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