Esterline Technologies Corporation (NYSE:ESL) Position Boosted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC grew its stake in Esterline Technologies Corporation (NYSE:ESL) by 145.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,118 shares of the aerospace company’s stock after purchasing an additional 4,811 shares during the period. Cubist Systematic Strategies LLC’s holdings in Esterline Technologies Corporation were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Great West Life Assurance Co. Can boosted its stake in shares of Esterline Technologies Corporation by 1.0% in the 2nd quarter. Great West Life Assurance Co. Can now owns 17,528 shares of the aerospace company’s stock valued at $1,661,000 after purchasing an additional 172 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Esterline Technologies Corporation by 46.3% in the 2nd quarter. Chicago Equity Partners LLC now owns 38,340 shares of the aerospace company’s stock valued at $3,635,000 after purchasing an additional 12,125 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Esterline Technologies Corporation by 12.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock valued at $88,653,000 after purchasing an additional 100,543 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Esterline Technologies Corporation by 4.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 373,946 shares of the aerospace company’s stock valued at $35,449,000 after purchasing an additional 15,407 shares in the last quarter. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Esterline Technologies Corporation by 10.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,600 shares of the aerospace company’s stock valued at $482,000 after purchasing an additional 520 shares in the last quarter. Institutional investors own 92.73% of the company’s stock.

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A number of equities research analysts have recently weighed in on the stock. SunTrust Banks, Inc. restated a “buy” rating on shares of Esterline Technologies Corporation in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Esterline Technologies Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Jefferies Group LLC restated a “hold” rating and issued a $90.00 price target (down from $92.00) on shares of Esterline Technologies Corporation in a research note on Wednesday, August 9th. Credit Suisse Group lowered shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $106.00 to $100.00 in a report on Friday, August 4th. Finally, BidaskClub upgraded shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $92.67.

In other news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $91.04, for a total transaction of $693,815.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Shares of Esterline Technologies Corporation (NYSE:ESL) traded down 0.79% on Friday, reaching $94.65. 7,405 shares of the company were exchanged. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70. The firm has a market capitalization of $2.84 billion, a PE ratio of 21.09 and a beta of 1.49. The stock’s 50-day moving average is $91.05 and its 200 day moving average is $92.08.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.22). The company had revenue of $503.80 million for the quarter, compared to analysts’ expectations of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. On average, analysts forecast that Esterline Technologies Corporation will post $4.64 EPS for the current year.

About Esterline Technologies Corporation

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.

Institutional Ownership by Quarter for Esterline Technologies Corporation (NYSE:ESL)

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