Esterline Technologies Corporation (ESL) Shares Bought by Fiduciary Management Inc. WI
Fiduciary Management Inc. WI raised its holdings in Esterline Technologies Corporation (NYSE:ESL) by 6.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,037,564 shares of the aerospace company’s stock after purchasing an additional 64,608 shares during the quarter. Fiduciary Management Inc. WI owned 3.46% of Esterline Technologies worth $93,536,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Lord Abbett & CO. LLC acquired a new stake in shares of Esterline Technologies in the second quarter valued at $26,478,000. Principal Financial Group Inc. grew its stake in shares of Esterline Technologies by 212.3% in the second quarter. Principal Financial Group Inc. now owns 378,783 shares of the aerospace company’s stock valued at $35,908,000 after buying an additional 257,500 shares in the last quarter. Fisher Asset Management LLC acquired a new stake in shares of Esterline Technologies in the third quarter valued at $18,677,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Esterline Technologies in the third quarter valued at $18,030,000. Finally, Walthausen & Co. LLC acquired a new stake in shares of Esterline Technologies in the second quarter valued at $12,599,000. Institutional investors own 91.26% of the company’s stock.
Several research firms recently commented on ESL. ValuEngine cut Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Goldman Sachs Group cut Esterline Technologies from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $86.00 to $75.00 in a research note on Thursday, August 10th. Jefferies Group reissued a “hold” rating and set a $90.00 target price (down from $92.00) on shares of Esterline Technologies in a research note on Wednesday, August 9th. Canaccord Genuity lowered their target price on Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research note on Friday, November 10th. Finally, Seaport Global Securities began coverage on Esterline Technologies in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.33.
Esterline Technologies Corporation (NYSE ESL) traded up $0.25 on Wednesday, reaching $70.40. The company had a trading volume of 486,500 shares, compared to its average volume of 167,700. Esterline Technologies Corporation has a 1 year low of $68.30 and a 1 year high of $102.70. The firm has a market cap of $2,103.41, a PE ratio of 16.05, a price-to-earnings-growth ratio of 1.50 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03.
Esterline Technologies (NYSE:ESL) last released its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). The business had revenue of $531.50 million for the quarter, compared to analyst estimates of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 earnings per share. equities research analysts anticipate that Esterline Technologies Corporation will post 3.85 EPS for the current year.
Esterline Technologies Company Profile
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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