Jefferies Group restated their hold rating on shares of Esterline Technologies (NYSE:ESL) in a research report released on Monday, January 8th. The brokerage currently has a $83.00 target price on the aerospace company’s stock.
Several other brokerages have also weighed in on ESL. Seaport Global Securities initiated coverage on shares of Esterline Technologies in a report on Tuesday, September 12th. They issued a neutral rating and a $93.00 price objective on the stock. Credit Suisse Group restated a neutral rating and issued a $70.00 price objective (down from $100.00) on shares of Esterline Technologies in a report on Tuesday, December 12th. SunTrust Banks lowered shares of Esterline Technologies from a buy rating to a hold rating and set a $106.00 price objective on the stock. in a report on Friday, November 10th. ValuEngine upgraded shares of Esterline Technologies from a hold rating to a buy rating in a report on Friday, December 1st. Finally, Canaccord Genuity restated a hold rating on shares of Esterline Technologies in a report on Friday, October 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Esterline Technologies presently has an average rating of Hold and an average target price of $80.17.
Shares of Esterline Technologies (NYSE ESL) traded down $0.15 during trading on Monday, reaching $75.25. 410,201 shares of the company’s stock traded hands, compared to its average volume of 242,550. Esterline Technologies has a 1 year low of $68.30 and a 1 year high of $102.70. The company has a market capitalization of $2,260.00, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.61 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03.
In other news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total transaction of $453,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Curtis C. Reusser acquired 2,900 shares of the stock in a transaction dated Tuesday, November 14th. The shares were bought at an average cost of $70.00 per share, with a total value of $203,000.00. Following the transaction, the chairman now directly owns 39,199 shares of the company’s stock, valued at $2,743,930. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 6,800 shares of company stock worth $479,015 and sold 268,290 shares worth $25,452,666. Company insiders own 1.30% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in ESL. Lord Abbett & CO. LLC bought a new position in Esterline Technologies in the second quarter valued at $26,478,000. Fisher Asset Management LLC bought a new position in Esterline Technologies in the third quarter valued at $18,677,000. State of New Jersey Common Pension Fund D bought a new position in Esterline Technologies in the third quarter valued at $18,030,000. Walthausen & Co. LLC bought a new position in Esterline Technologies in the second quarter valued at $12,599,000. Finally, Fiduciary Management Inc. WI grew its position in Esterline Technologies by 14.5% in the second quarter. Fiduciary Management Inc. WI now owns 972,956 shares of the aerospace company’s stock valued at $92,236,000 after purchasing an additional 123,467 shares in the last quarter. 92.01% of the stock is owned by institutional investors and hedge funds.
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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