Shares of Esterline Technologies Corp. (NYSE:ESL) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the company. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $80.40.

Several research firms have recently weighed in on ESL. Zacks Investment Research upgraded Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Wednesday, October 5th. Jefferies Group restated a “buy” rating and issued a $87.00 price target on shares of Esterline Technologies Corp. in a research note on Friday, August 5th. Canaccord Genuity restated a “hold” rating and issued a $70.00 price target on shares of Esterline Technologies Corp. in a research note on Tuesday, November 8th. Finally, Drexel Hamilton upgraded Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Monday, August 15th.

In other Esterline Technologies Corp. news, EVP Albert S. Yost sold 10,800 shares of the business’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $76.32, for a total transaction of $824,256.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.40% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in ESL. Alliancebernstein L.P. raised its stake in Esterline Technologies Corp. by 1,817.3% in the second quarter. Alliancebernstein L.P. now owns 1,046,515 shares of the company’s stock valued at $64,926,000 after buying an additional 991,933 shares in the last quarter. First Pacific Advisors LLC raised its stake in Esterline Technologies Corp. by 5.6% in the second quarter. First Pacific Advisors LLC now owns 3,690,554 shares of the company’s stock valued at $228,962,000 after buying an additional 194,831 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Esterline Technologies Corp. by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 2,430,396 shares of the company’s stock valued at $150,776,000 after buying an additional 180,310 shares in the last quarter. AQR Capital Management LLC raised its stake in Esterline Technologies Corp. by 135.7% in the second quarter. AQR Capital Management LLC now owns 258,760 shares of the company’s stock valued at $16,054,000 after buying an additional 148,984 shares in the last quarter. Finally, Citadel Advisors LLC raised its stake in Esterline Technologies Corp. by 430.7% in the second quarter. Citadel Advisors LLC now owns 128,156 shares of the company’s stock valued at $7,950,000 after buying an additional 104,009 shares in the last quarter. 88.19% of the stock is owned by institutional investors and hedge funds.

Esterline Technologies Corp. (NYSE:ESL) opened at 84.20 on Friday. Esterline Technologies Corp. has a 52 week low of $45.12 and a 52 week high of $96.44. The company has a market cap of $2.48 billion, a P/E ratio of 24.64 and a beta of 1.33. The firm has a 50-day moving average price of $74.00 and a 200 day moving average price of $69.44.

Esterline Technologies Corp. (NYSE:ESL) last posted its quarterly earnings results on Thursday, November 10th. The company reported $1.96 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.36. Esterline Technologies Corp. had a return on equity of 9.23% and a net margin of 5.10%. The firm earned $543.80 million during the quarter, compared to analysts’ expectations of $522.13 million. During the same quarter in the previous year, the business earned $1.33 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Analysts expect that Esterline Technologies Corp. will post $4.70 EPS for the current fiscal year.

About Esterline Technologies Corp.

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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.

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