Esterline Technologies Co. (NYSE:ESL) CFO Robert David George sold 26,700 shares of Esterline Technologies stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total value of $2,495,382.00. Following the completion of the sale, the chief financial officer now directly owns 29,960 shares of the company’s stock, valued at $2,800,061.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Robert David George also recently made the following trade(s):
- On Wednesday, March 15th, Robert David George sold 17,100 shares of Esterline Technologies stock. The shares were sold at an average price of $90.10, for a total value of $1,540,710.00.
Esterline Technologies Co. (NYSE:ESL) traded up 3.19% during midday trading on Thursday, reaching $97.00. The company’s stock had a trading volume of 161,078 shares. The company has a market cap of $2.89 billion, a PE ratio of 21.71 and a beta of 1.36. Esterline Technologies Co. has a 12 month low of $56.72 and a 12 month high of $97.75. The stock has a 50-day moving average price of $90.01 and a 200 day moving average price of $88.18.
Esterline Technologies (NYSE:ESL) last announced its quarterly earnings results on Thursday, May 4th. The aerospace company reported $1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.29. Esterline Technologies had a net margin of 5.61% and a return on equity of 9.51%. The firm had revenue of $509.20 million during the quarter, compared to the consensus estimate of $491.74 million. During the same period last year, the firm earned $0.92 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Analysts expect that Esterline Technologies Co. will post $4.96 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in ESL. Elkfork Partners LLC purchased a new position in shares of Esterline Technologies during the fourth quarter valued at approximately $164,000. LS Investment Advisors LLC increased its stake in Esterline Technologies by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock worth $181,000 after buying an additional 60 shares in the last quarter. Invictus RG increased its stake in Esterline Technologies by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock worth $194,000 after buying an additional 898 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Esterline Technologies by 35.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,331 shares of the aerospace company’s stock worth $208,000 after buying an additional 616 shares in the last quarter. Finally, First Allied Advisory Services Inc. bought a new stake in Esterline Technologies during the fourth quarter worth about $252,000. 87.49% of the stock is owned by hedge funds and other institutional investors.
Several research firms have recently issued reports on ESL. Zacks Investment Research upgraded Esterline Technologies from a “hold” rating to a “buy” rating and set a $102.00 price target on the stock in a research report on Monday, May 8th. Jefferies Group LLC restated a “hold” rating and issued a $92.00 price target on shares of Esterline Technologies in a report on Thursday, May 18th. Credit Suisse Group AG restated an “outperform” rating and issued a $106.00 price target (up from $96.00) on shares of Esterline Technologies in a report on Friday, May 5th. Finally, Canaccord Genuity restated a “hold” rating and issued a $90.00 price target on shares of Esterline Technologies in a report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Esterline Technologies has an average rating of “Buy” and a consensus target price of $95.33.
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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