Esterline Technologies Corporation (NYSE:ESL) has been assigned a consensus recommendation of “Buy” from the six research firms that are currently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $94.00.

ESL has been the subject of several research analyst reports. Canaccord Genuity restated a “hold” rating and set a $90.00 price target on shares of Esterline Technologies Corporation in a report on Monday, May 15th. Credit Suisse Group restated an “outperform” rating and set a $106.00 price target (up previously from $96.00) on shares of Esterline Technologies Corporation in a report on Friday, May 5th. Zacks Investment Research cut Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Finally, Jefferies Group LLC restated a “hold” rating and set a $92.00 price target on shares of Esterline Technologies Corporation in a report on Tuesday, April 18th.

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In other news, CFO Robert David George sold 26,700 shares of Esterline Technologies Corporation stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $93.46, for a total value of $2,495,382.00. Following the completion of the transaction, the chief financial officer now owns 29,960 shares in the company, valued at approximately $2,800,061.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Hawkeye Fund Fpa sold 2,240 shares of Esterline Technologies Corporation stock in a transaction that occurred on Tuesday, April 4th. The stock was sold at an average price of $85.29, for a total value of $191,049.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,640 shares of company stock valued at $3,306,919. Company insiders own 1.40% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Elkfork Partners LLC bought a new position in shares of Esterline Technologies Corporation during the fourth quarter worth approximately $164,000. 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 period. 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 period. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Esterline Technologies Corporation by 35.9% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,331 shares of the aerospace company’s stock worth $208,000 after buying an additional 616 shares during the period. Finally, First Allied Advisory Services Inc. bought a new position in shares of Esterline Technologies Corporation during the fourth quarter worth approximately $252,000. Hedge funds and other institutional investors own 90.88% of the company’s stock.

Shares of Esterline Technologies Corporation (NYSE ESL) traded down 0.15% during mid-day trading on Tuesday, reaching $98.10. The company’s stock had a trading volume of 218,619 shares. The stock has a market capitalization of $2.92 billion, a P/E ratio of 21.95 and a beta of 1.37. Esterline Technologies Corporation has a 12-month low of $56.72 and a 12-month high of $102.70. The company’s 50-day moving average price is $94.97 and its 200-day moving average price is $89.96.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings results on Thursday, May 4th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.29. The business had revenue of $509.20 million during the quarter, compared to analysts’ expectations of $491.74 million. Esterline Technologies Corporation had a return on equity of 9.94% and a net margin of 6.56%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 EPS. On average, equities research analysts forecast that Esterline Technologies Corporation will post $4.95 earnings per share for the current fiscal year.

Esterline Technologies Corporation 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.

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