Arizona State Retirement System raised its position in Esterline Technologies Corporation (NYSE:ESL) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,600 shares of the aerospace company’s stock after buying an additional 300 shares during the period. Arizona State Retirement System’s holdings in Esterline Technologies Corporation were worth $1,194,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ESL. LS Investment Advisors LLC boosted its position in shares of Esterline Technologies Corporation by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock worth $181,000 after buying an additional 60 shares during the last quarter. Invictus RG boosted its position in shares of Esterline Technologies Corporation by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock worth $194,000 after buying an additional 898 shares during the last quarter. Oakbrook Investments LLC bought a new position in shares of Esterline Technologies Corporation during the second quarter worth about $209,000. Perkins Coie Trust Co boosted its position in shares of Esterline Technologies Corporation by 7.9% in the second quarter. Perkins Coie Trust Co now owns 2,729 shares of the aerospace company’s stock worth $259,000 after buying an additional 200 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Esterline Technologies Corporation by 14.3% in the first quarter. Bank of Montreal Can now owns 3,132 shares of the aerospace company’s stock worth $269,000 after buying an additional 393 shares during the last quarter. Hedge funds and other institutional investors own 92.66% of the company’s stock.

Esterline Technologies Corporation (ESL) opened at 82.45 on Tuesday. The company has a market capitalization of $2.47 billion, a PE ratio of 18.37 and a beta of 1.43. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70. The company has a 50 day moving average price of $91.70 and a 200-day moving average price of $91.27.

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $522.38 million. During the same quarter in the previous year, the company posted $1.38 earnings per share. Esterline Technologies Corporation’s revenue for the quarter was down 2.6% compared to the same quarter last year. On average, analysts anticipate that Esterline Technologies Corporation will post $4.65 EPS for the current year.

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ESL has been the subject of a number of analyst reports. BidaskClub cut Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Canaccord Genuity reissued a “hold” rating and set a $90.00 price objective on shares of Esterline Technologies Corporation in a report on Friday, May 5th. Jefferies Group LLC reissued a “hold” rating and set a $92.00 price objective on shares of Esterline Technologies Corporation in a report on Tuesday, July 25th. Credit Suisse Group cut their price objective on Esterline Technologies Corporation from $106.00 to $96.00 and set an “outperform” rating for the company in a report on Monday, May 15th. Finally, Zacks Investment Research raised Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 price objective for the company in a report on Monday, May 8th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Esterline Technologies Corporation has a consensus rating of “Hold” and an average price target of $94.17.

In other news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total value of $749,805.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

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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