Sei Investments Co. lifted its holdings in shares of Esterline Technologies Co. (NYSE:ESL) by 9.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,503 shares of the aerospace company’s stock after purchasing an additional 1,101 shares during the period. Sei Investments Co.’s holdings in Esterline Technologies were worth $914,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in ESL. Balter Liquid Alternatives LLC bought a new position in shares of Esterline Technologies during the 1st quarter valued at $195,000. Stone Ridge Asset Management LLC bought a new position in shares of Esterline Technologies during the 4th quarter valued at $347,000. Creative Financial Designs Inc. ADV bought a new position in shares of Esterline Technologies during the 1st quarter valued at $594,000. Oppenheimer Asset Management Inc. bought a new position in shares of Esterline Technologies during the 1st quarter valued at $648,000. Finally, Aperio Group LLC grew its holdings in shares of Esterline Technologies by 92.2% during the 1st quarter. Aperio Group LLC now owns 9,506 shares of the aerospace company’s stock valued at $695,000 after purchasing an additional 4,560 shares during the last quarter. 94.55% of the stock is currently owned by institutional investors.
A number of brokerages have issued reports on ESL. Zacks Investment Research lowered shares of Esterline Technologies from a “buy” rating to a “hold” rating in a report on Thursday, April 26th. Barclays began coverage on shares of Esterline Technologies in a report on Thursday, March 29th. They issued an “underweight” rating and a $76.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $79.78.
Shares of Esterline Technologies opened at $73.80 on Friday, MarketBeat reports. The firm has a market capitalization of $2.16 billion, a price-to-earnings ratio of 20.14, a PEG ratio of 1.64 and a beta of 1.25. Esterline Technologies Co. has a 12-month low of $67.15 and a 12-month high of $100.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.06 and a current ratio of 3.29.
Esterline Technologies (NYSE:ESL) last announced its quarterly earnings results on Thursday, May 3rd. The aerospace company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $517.60 million for the quarter, compared to analyst estimates of $503.91 million. Esterline Technologies had a net margin of 2.74% and a return on equity of 6.08%. The company’s revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. research analysts expect that Esterline Technologies Co. will post 3.71 earnings per share for the current fiscal year.
About Esterline Technologies
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.
Want to see what other hedge funds are holding ESL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Esterline Technologies Co. (NYSE:ESL).
Receive News & Ratings for Esterline Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies and related companies with MarketBeat.com's FREE daily email newsletter.