Dorsey Wright & Associates Sells 39,244 Shares of Embraer-Empresa Brasileira de Aeronautica $ERJ

Dorsey Wright & Associates cut its position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 38.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 63,312 shares of the aerospace company’s stock after selling 39,244 shares during the quarter. Dorsey Wright & Associates’ holdings in Embraer-Empresa Brasileira de Aeronautica were worth $3,603,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ERJ. WPG Advisers LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the first quarter valued at approximately $25,000. Jones Financial Companies Lllp grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% during the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after acquiring an additional 747 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company’s stock valued at $82,000 after acquiring an additional 1,249 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 1,608.7% during the second quarter. First Horizon Advisors Inc. now owns 2,170 shares of the aerospace company’s stock valued at $123,000 after acquiring an additional 2,043 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 47.0% during the first quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company’s stock worth $176,000 after purchasing an additional 1,216 shares during the period. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 price objective for the company in a report on Thursday, July 31st. Bank of America increased their price target on Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, September 11th. JPMorgan Chase & Co. lifted their price objective on Embraer-Empresa Brasileira de Aeronautica from $79.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, November 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica has a consensus rating of “Moderate Buy” and an average target price of $63.86.

Embraer-Empresa Brasileira de Aeronautica Trading Down 0.1%

NYSE ERJ opened at $65.18 on Wednesday. The stock has a market capitalization of $11.97 billion, a P/E ratio of 31.79, a P/E/G ratio of 6.09 and a beta of 1.82. The business has a 50 day simple moving average of $61.35 and a 200 day simple moving average of $55.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. Embraer-Empresa Brasileira de Aeronautica has a one year low of $33.06 and a one year high of $67.44.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last posted its quarterly earnings results on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. Research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has authorized a stock repurchase plan on Thursday, November 6th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the aerospace company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.