Shares of Esterline Technologies Co. (NYSE:ESL) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $109.82.

A number of brokerages have recently commented on ESL. Barclays raised Esterline Technologies from an “underweight” rating to an “equal weight” rating and set a $120.91 price target on the stock in a report on Sunday, December 9th. Zacks Investment Research raised Esterline Technologies from a “sell” rating to a “hold” rating in a report on Thursday, December 6th. Jefferies Financial Group set a $123.00 target price on Esterline Technologies and gave the stock a “hold” rating in a report on Wednesday, November 21st. ValuEngine raised Esterline Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 21st. Finally, Canaccord Genuity lifted their target price on Esterline Technologies from $85.00 to $122.50 and gave the stock a “hold” rating in a report on Wednesday, November 21st.

In related news, insider Brian D. Reid sold 4,500 shares of the stock in a transaction on Friday, December 7th. The stock was sold at an average price of $121.69, for a total value of $547,605.00. Following the completion of the transaction, the insider now owns 2,000 shares in the company, valued at approximately $243,380. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Roger Alan Ross sold 14,590 shares of the stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $121.29, for a total value of $1,769,621.10. Following the completion of the transaction, the executive vice president now owns 12,454 shares of the company’s stock, valued at approximately $1,510,545.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 233,076 shares of company stock worth $27,457,271. 1.30% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its position in shares of Esterline Technologies by 193.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,172 shares of the aerospace company’s stock valued at $100,000 after purchasing an additional 772 shares during the period. CHICAGO TRUST Co NA acquired a new position in shares of Esterline Technologies in the 3rd quarter valued at $240,000. First Hawaiian Bank acquired a new position in shares of Esterline Technologies in the 3rd quarter valued at $304,000. Jane Street Group LLC acquired a new position in shares of Esterline Technologies in the 3rd quarter valued at $308,000. Finally, Clearline Capital LP acquired a new stake in Esterline Technologies during the 3rd quarter worth about $338,000. Institutional investors and hedge funds own 97.96% of the company’s stock.

Shares of ESL opened at $121.45 on Friday. The firm has a market cap of $3.58 billion, a PE ratio of 29.12, a price-to-earnings-growth ratio of 2.66 and a beta of 0.45. The company has a current ratio of 3.24, a quick ratio of 2.10 and a debt-to-equity ratio of 0.36. Esterline Technologies has a one year low of $67.15 and a one year high of $122.14.

Esterline Technologies (NYSE:ESL) last issued its quarterly earnings results on Tuesday, November 20th. The aerospace company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.49. The company had revenue of $535.30 million for the quarter, compared to analyst estimates of $534.09 million. Esterline Technologies had a return on equity of 6.85% and a net margin of 3.45%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. Sell-side analysts anticipate that Esterline Technologies will post 4.77 EPS for the current year.

Esterline Technologies Company Profile

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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Analyst Recommendations for Esterline Technologies (NYSE:ESL)

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