Fmr LLC raised its position in Esterline Technologies Co. (NYSE:ESL) by 61.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 278,986 shares of the aerospace company’s stock after purchasing an additional 106,143 shares during the period. Fmr LLC owned about 0.94% of Esterline Technologies worth $33,883,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently bought and sold shares of ESL. Alpine Associates Management Inc. acquired a new stake in shares of Esterline Technologies during the fourth quarter valued at $81,538,000. Gardner Lewis Asset Management L P acquired a new stake in shares of Esterline Technologies during the fourth quarter valued at $67,265,000. WINTON GROUP Ltd acquired a new stake in shares of Esterline Technologies during the fourth quarter valued at $45,775,000. Bank of America Corp DE boosted its stake in shares of Esterline Technologies by 547.7% during the fourth quarter. Bank of America Corp DE now owns 392,512 shares of the aerospace company’s stock valued at $47,670,000 after acquiring an additional 331,913 shares during the last quarter. Finally, Spring Creek Capital LLC acquired a new stake in shares of Esterline Technologies during the fourth quarter valued at $32,184,000. 95.11% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research downgraded Esterline Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, February 20th. Six analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $111.32.
NYSE ESL opened at $122.49 on Friday. Esterline Technologies Co. has a twelve month low of $69.05 and a twelve month high of $122.50. The stock has a market cap of $3.64 billion, a P/E ratio of 29.37, a price-to-earnings-growth ratio of 2.78 and a beta of 0.40. The company has a current ratio of 3.50, a quick ratio of 2.30 and a debt-to-equity ratio of 0.35.
Esterline Technologies (NYSE:ESL) last released its earnings results on Thursday, January 31st. The aerospace company reported $1.24 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.81 by $0.43. Esterline Technologies had a return on equity of 8.01% and a net margin of 6.78%. The firm had revenue of $484.99 million for the quarter, compared to the consensus estimate of $476.00 million. On average, equities analysts anticipate that Esterline Technologies Co. will post 4.62 EPS for the current year.
Esterline Technologies Profile
Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials. The Avionics & Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities.
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