Esterline (ESL) Shares Bought by LSV Asset Management

LSV Asset Management boosted its position in Esterline (NYSE:ESL) by 5,995.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,435 shares of the aerospace company’s stock after acquiring an additional 89,935 shares during the quarter. LSV Asset Management owned 0.31% of Esterline worth $6,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ESL. Nisa Investment Advisors LLC increased its stake in Esterline by 7.9% in the fourth quarter. Nisa Investment Advisors LLC now owns 16,360 shares of the aerospace company’s stock valued at $1,222,000 after acquiring an additional 1,200 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Esterline by 7.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 212,759 shares of the aerospace company’s stock valued at $15,894,000 after acquiring an additional 13,889 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Esterline by 27.6% in the fourth quarter. Chevy Chase Trust Holdings Inc. now owns 13,197 shares of the aerospace company’s stock valued at $986,000 after acquiring an additional 2,854 shares during the last quarter. Rice Hall James & Associates LLC increased its stake in Esterline by 20.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 73,725 shares of the aerospace company’s stock valued at $5,507,000 after acquiring an additional 12,381 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Esterline by 46.2% in the fourth quarter. Fisher Asset Management LLC now owns 302,805 shares of the aerospace company’s stock valued at $22,620,000 after acquiring an additional 95,627 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently commented on ESL. Zacks Investment Research cut Esterline from a “buy” rating to a “hold” rating in a research note on Thursday, April 26th. Credit Suisse Group increased their target price on Esterline from $70.00 to $72.00 and gave the company an “underperform” rating in a research note on Monday, February 5th. Barclays began coverage on Esterline in a research note on Thursday, March 29th. They issued an “underweight” rating and a $76.00 target price on the stock. Finally, Bank of America raised their price objective on Esterline from $70.00 to $75.00 and gave the company an “underperform” rating in a research note on Tuesday, February 6th. Four equities 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 company. Esterline presently has an average rating of “Hold” and a consensus price target of $79.78.

Shares of Esterline opened at $76.80 on Friday, Marketbeat Ratings reports. Esterline has a 12-month low of $67.15 and a 12-month high of $102.70. The stock has a market cap of $2.26 billion, a PE ratio of 21.10, a P/E/G ratio of 1.69 and a beta of 1.24. The company has a current ratio of 3.29, a quick ratio of 2.06 and a debt-to-equity ratio of 0.42.

Esterline (NYSE:ESL) last announced its quarterly earnings data on Thursday, May 3rd. The aerospace company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.03. Esterline had a return on equity of 6.08% and a net margin of 2.74%. The firm had revenue of $517.60 million for the quarter, compared to analysts’ expectations of $503.91 million. During the same period last year, the firm earned $1.20 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year. analysts anticipate that Esterline will post 3.77 EPS for the current year.

About Esterline

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.

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Institutional Ownership by Quarter for Esterline (NYSE:ESL)

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