Capstone Investment Advisors Netherlands B.V. acquired a new position in shares of Esterline Technologies Corporation (NYSE:ESL) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,389 shares of the aerospace company’s stock, valued at approximately $226,000.

A number of other hedge funds also recently made changes to their positions in the business. Janney Capital Management LLC grew its holdings in Esterline Technologies Corporation by 0.3% during the 2nd quarter. Janney Capital Management LLC now owns 4,515 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 15 shares in the last quarter. Stephens Inc. AR grew its holdings in Esterline Technologies Corporation by 0.4% during the 2nd quarter. Stephens Inc. AR now owns 3,490 shares of the aerospace company’s stock worth $331,000 after acquiring an additional 15 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in Esterline Technologies Corporation by 0.4% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,116 shares of the aerospace company’s stock worth $440,000 after acquiring an additional 19 shares in the last quarter. Ironwood Investment Management LLC grew its holdings in Esterline Technologies Corporation by 1.1% during the 1st quarter. Ironwood Investment Management LLC now owns 9,075 shares of the aerospace company’s stock worth $781,000 after acquiring an additional 95 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Esterline Technologies Corporation by 0.7% during the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,431 shares of the aerospace company’s stock worth $1,368,000 after acquiring an additional 100 shares in the last quarter. 92.18% of the stock is owned by institutional investors.

Esterline Technologies Corporation (NYSE ESL) traded down 1.21% on Friday, hitting $90.15. 135,726 shares of the stock traded hands. The stock has a 50-day moving average of $85.92 and a 200-day moving average of $90.88. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 20.09 and a beta of 1.45. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last posted its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.22). Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The firm had revenue of $503.80 million during the quarter, compared to the consensus estimate of $522.38 million. During the same period in the previous year, the company posted $1.38 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. Analysts forecast that Esterline Technologies Corporation will post $4.64 earnings per share for the current year.

Several brokerages have weighed in on ESL. Canaccord Genuity reissued a “hold” rating and set a $90.00 price objective on shares of Esterline Technologies Corporation in a report on Thursday, June 22nd. Zacks Investment Research lowered shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. Jefferies Group LLC reissued a “hold” rating and set a $90.00 price objective (down from $92.00) on shares of Esterline Technologies Corporation in a report on Wednesday, August 9th. Credit Suisse Group lowered shares of Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $106.00 to $100.00 in a report on Friday, August 4th. Finally, BidaskClub raised shares of Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $94.00.

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

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