Vaughan Nelson Investment Management L.P. Invests $21.69 Million in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Vaughan Nelson Investment Management L.P. bought a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 365,470 shares of the aerospace company’s stock, valued at approximately $21,687,000. Vaughan Nelson Investment Management L.P. owned 0.20% of Embraer-Empresa Brasileira de Aeronautica at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at about $39,000. 1620 Investment Advisors Inc. bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $44,000. Jones Financial Companies Lllp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after buying an additional 747 shares in the last quarter. Gen Wealth Partners Inc acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $74,000. Finally, Bruce G. Allen Investments LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at approximately $90,000. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Up 0.4%

NYSE EMBJ opened at $60.92 on Tuesday. Embraer-Empresa Brasileira de Aeronautica has a 12 month low of $46.54 and a 12 month high of $80.75. The company has a market capitalization of $11.01 billion, a P/E ratio of 35.63, a PEG ratio of 1.46 and a beta of 1.46. The company’s 50 day simple moving average is $60.72 and its 200 day simple moving average is $65.07. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.73.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its earnings results on Saturday, February 14th. The aerospace company reported $0.46 earnings per share for the quarter. The firm had revenue of $2.65 billion during the quarter. Embraer-Empresa Brasileira de Aeronautica had a net margin of 3.94% and a return on equity of 6.13%. Equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on EMBJ. Weiss Ratings cut Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Zacks Research lowered Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 8th. JPMorgan Chase & Co. lowered their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Tuesday, May 12th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Scotiabank initiated coverage on Embraer-Empresa Brasileira de Aeronautica in a report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price objective for the company. Six equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $67.29.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.