Esterline Technologies Co. (NYSE:ESL) shares saw unusually-high trading volume on Wednesday . Approximately 13,680 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 430,609 shares.The stock last traded at $122.49 and had previously closed at $122.50.

ESL has been the subject of several research reports. Barclays upgraded Esterline Technologies from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $76.00 to $123.00 in a research note on Monday, December 3rd. Jefferies Financial Group set a $123.00 target price on Esterline Technologies and gave the company a “hold” rating in a research note on Wednesday, November 21st. Canaccord Genuity raised their target price on Esterline Technologies from $85.00 to $122.50 and gave the company a “hold” rating in a research note on Wednesday, November 21st. ValuEngine upgraded Esterline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. Finally, Zacks Investment Research upgraded Esterline Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, December 12th. Six equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. Esterline Technologies presently has an average rating of “Hold” and an average target price of $111.32.

The company has a market cap of $3.64 billion, a PE ratio of 29.37, a PEG ratio of 2.78 and a beta of 0.40. The company has a debt-to-equity ratio of 0.35, a current ratio of 3.50 and a quick ratio of 2.30.

Esterline Technologies (NYSE:ESL) last released its quarterly earnings results on Thursday, January 31st. The aerospace company reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.43. The business had revenue of $484.99 million during the quarter, compared to the consensus estimate of $476.00 million. Esterline Technologies had a return on equity of 8.01% and a net margin of 6.78%. Equities research analysts expect that Esterline Technologies Co. will post 4.62 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in ESL. Enlightenment Research LLC acquired a new position in Esterline Technologies during the 4th quarter valued at about $73,000. DekaBank Deutsche Girozentrale lifted its position in shares of Esterline Technologies by 193.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 1,172 shares of the aerospace company’s stock worth $100,000 after buying an additional 772 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Esterline Technologies by 13.1% during the 4th quarter. Whittier Trust Co. now owns 888 shares of the aerospace company’s stock worth $108,000 after buying an additional 103 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. bought a new position in shares of Esterline Technologies during the 4th quarter worth approximately $119,000. Finally, NumerixS Investment Technologies Inc lifted its position in shares of Esterline Technologies by 180.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 1,400 shares of the aerospace company’s stock worth $170,000 after buying an additional 900 shares in the last quarter. Institutional investors and hedge funds own 95.11% of the company’s stock.

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Esterline Technologies Company Profile (NYSE:ESL)

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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