Esterline Technologies (NYSE:ESL) had its target price lifted by Bank of America from $70.00 to $75.00 in a research note issued to investors on Tuesday. The firm currently has an underperform rating on the aerospace company’s stock.

ESL has been the subject of a number of other reports. SunTrust Banks reissued a buy rating on shares of Esterline Technologies in a report on Thursday, October 12th. ValuEngine downgraded Esterline Technologies from a buy rating to a hold rating in a report on Thursday, November 9th. Jefferies Group reissued a hold rating and issued a $83.00 price target on shares of Esterline Technologies in a report on Monday, January 8th. Credit Suisse Group downgraded Esterline Technologies from a neutral rating to an underperform rating in a report on Friday, January 12th. Finally, Drexel Hamilton downgraded Esterline Technologies from a buy rating to a hold rating in a report on Friday, November 10th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $79.71.

Shares of Esterline Technologies (NYSE ESL) opened at $69.95 on Tuesday. The company has a market capitalization of $2,059.72, a P/E ratio of 31.51, a P/E/G ratio of 1.51 and a beta of 1.36. Esterline Technologies has a 52-week low of $67.15 and a 52-week high of $102.70. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11.

Esterline Technologies (NYSE:ESL) last issued its earnings results on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $482.30 million for the quarter, compared to analyst estimates of $459.38 million. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. Esterline Technologies’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.82 earnings per share. equities analysts expect that Esterline Technologies will post 3.81 EPS for the current year.

In other Esterline Technologies news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total value of $453,780.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Curtis C. Reusser bought 2,900 shares of Esterline Technologies stock in a transaction dated Tuesday, November 14th. The shares were acquired at an average cost of $70.00 per share, with a total value of $203,000.00. Following the completion of the purchase, the chairman now owns 39,199 shares in the company, valued at $2,743,930. The disclosure for this purchase can be found here. Insiders acquired 6,800 shares of company stock valued at $479,015 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in ESL. Lord Abbett & CO. LLC acquired a new position in shares of Esterline Technologies during the 2nd quarter worth approximately $26,478,000. American Century Companies Inc. raised its stake in shares of Esterline Technologies by 4,287.4% during the 4th quarter. American Century Companies Inc. now owns 242,359 shares of the aerospace company’s stock worth $18,104,000 after buying an additional 236,835 shares during the period. Fisher Asset Management LLC acquired a new position in shares of Esterline Technologies during the 3rd quarter worth approximately $18,677,000. State of New Jersey Common Pension Fund D acquired a new position in shares of Esterline Technologies during the 3rd quarter worth approximately $18,030,000. Finally, Walthausen & Co. LLC acquired a new position in shares of Esterline Technologies during the 2nd quarter worth approximately $12,599,000. 92.59% of the stock is owned by institutional investors and hedge funds.

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Esterline Technologies Company 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.

Analyst Recommendations for Esterline Technologies (NYSE:ESL)

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