EULAV Asset Management reduced its position in shares of Esterline (NYSE:ESL) by 47.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,800 shares of the aerospace company’s stock after selling 26,600 shares during the period. EULAV Asset Management owned approximately 0.10% of Esterline worth $2,180,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in ESL. Nisa Investment Advisors LLC raised its position in Esterline by 7.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 16,360 shares of the aerospace company’s stock valued at $1,222,000 after purchasing an additional 1,200 shares in the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Esterline by 7.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 212,759 shares of the aerospace company’s stock worth $15,894,000 after buying an additional 13,889 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in shares of Esterline by 27.6% during the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 13,197 shares of the aerospace company’s stock worth $986,000 after buying an additional 2,854 shares in the last quarter. Rice Hall James & Associates LLC increased its holdings in shares of Esterline by 20.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 73,725 shares of the aerospace company’s stock worth $5,507,000 after buying an additional 12,381 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Esterline by 46.2% during the fourth quarter. Fisher Asset Management LLC now owns 302,805 shares of the aerospace company’s stock worth $22,620,000 after buying an additional 95,627 shares in the last quarter. Institutional investors and hedge funds own 96.99% of the company’s stock.
ESL has been the subject of several research analyst reports. Zacks Investment Research upgraded shares of Esterline from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a report on Monday, April 2nd. Bank of America upped their price target on shares of Esterline from $70.00 to $75.00 and gave the stock an “underperform” rating in a report on Tuesday, February 6th. Barclays initiated coverage on shares of Esterline in a report on Thursday, March 29th. They set an “underweight” rating and a $76.00 price target for the company. Finally, Credit Suisse Group upped their price target on shares of Esterline from $70.00 to $72.00 and gave the stock an “underperform” rating in a report on Monday, February 5th. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $79.78.
Esterline opened at $76.50 on Friday, according to Marketbeat. The firm has a market capitalization of $2.20 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.65 and a beta of 1.24. Esterline has a twelve month low of $74.25 and a twelve month high of $74.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.29 and a quick ratio of 2.06.
Esterline (NYSE:ESL) last posted its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $0.80 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. The business had revenue of $517.60 million during the quarter, compared to the consensus estimate of $503.91 million. Esterline had a return on equity of 6.08% and a net margin of 2.74%. Esterline’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.20 earnings per share. sell-side analysts anticipate that Esterline will post 3.77 EPS for the current fiscal year.
Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.
Receive News & Ratings for Esterline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline and related companies with MarketBeat.com's FREE daily email newsletter.