Esterline Technologies Co. (NYSE:ESL) Director Delores M. Etter acquired 1,000 shares of Esterline Technologies stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of $72.13 per share, with a total value of $72,130.00. Following the completion of the acquisition, the director now owns 13,627 shares of the company’s stock, valued at approximately $982,915.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Esterline Technologies Co. (NYSE:ESL) traded up $1.95 during midday trading on Friday, hitting $73.85. The stock had a trading volume of 786,720 shares, compared to its average volume of 306,714. Esterline Technologies Co. has a 12 month low of $68.30 and a 12 month high of $102.70. The firm has a market capitalization of $2,155.88, a PE ratio of 16.45, a price-to-earnings-growth ratio of 1.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The company had revenue of $531.50 million during the quarter, compared to analyst estimates of $540.55 million. During the same period last year, the firm earned $1.96 earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. analysts forecast that Esterline Technologies Co. will post 3.85 EPS for the current fiscal year.
ESL has been the subject of several research reports. ValuEngine cut Esterline Technologies from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Seaport Global Securities initiated coverage on Esterline Technologies in a report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price objective for the company. Zacks Investment Research raised Esterline Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. SunTrust Banks reaffirmed a “buy” rating on shares of Esterline Technologies in a report on Thursday, October 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Esterline Technologies in a report on Friday, October 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $85.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ESL. PNC Financial Services Group Inc. raised its holdings in shares of Esterline Technologies by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after acquiring an additional 133 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Esterline Technologies by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 120 shares during the last quarter. Flinton Capital Management LLC increased its stake in Esterline Technologies by 57.4% in the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock valued at $129,000 after purchasing an additional 496 shares during the last quarter. Pacad Investment Ltd. increased its stake in Esterline Technologies by 100.0% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock valued at $171,000 after purchasing an additional 900 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in Esterline Technologies in the second quarter valued at $202,000. 91.26% of the stock is owned by institutional investors.
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About Esterline Technologies
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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