Esterline Technologies Corporation (NYSE:ESL) traded down 1.8% during trading on Monday after Canaccord Genuity lowered their price target on the stock from $92.00 to $90.00. Canaccord Genuity currently has a hold rating on the stock. Esterline Technologies Corporation traded as low as $69.35 and last traded at $69.30. 390,857 shares were traded during mid-day trading, an increase of 153% from the average session volume of 154,247 shares. The stock had previously closed at $70.60.

ESL has been the topic of several other reports. ValuEngine lowered Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 9th. SunTrust Banks, Inc. restated a “buy” rating on shares of Esterline Technologies Corporation in a research report on Thursday, October 12th. Zacks Investment Research upgraded Esterline Technologies Corporation from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Drexel Hamilton lowered Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $90.00 price target (down from $92.00) on shares of Esterline Technologies Corporation in a research report on Wednesday, August 9th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Esterline Technologies Corporation presently has an average rating of “Hold” and an average price target of $92.33.

In other Esterline Technologies Corporation news, major shareholder First Pacific Advisors, Llc sold 8,931 shares of Esterline Technologies Corporation stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $95.21, for a total transaction of $850,320.51. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder J Richard Atwood sold 31,155 shares of Esterline Technologies Corporation stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $96.04, for a total value of $2,992,126.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,911 shares of company stock worth $25,692,702. Corporate insiders own 1.40% of the company’s stock.

A number of hedge funds have recently bought and sold shares of ESL. Teachers Advisors LLC lifted its holdings in Esterline Technologies Corporation by 4.9% during the first quarter. Teachers Advisors LLC now owns 58,277 shares of the aerospace company’s stock worth $5,015,000 after acquiring an additional 2,746 shares in the last quarter. Thrivent Financial For Lutherans lifted its holdings in Esterline Technologies Corporation by 10.2% during the first quarter. Thrivent Financial For Lutherans now owns 5,600 shares of the aerospace company’s stock worth $482,000 after acquiring an additional 520 shares in the last quarter. KCG Holdings Inc. lifted its holdings in Esterline Technologies Corporation by 31.6% during the first quarter. KCG Holdings Inc. now owns 4,026 shares of the aerospace company’s stock worth $346,000 after acquiring an additional 967 shares in the last quarter. Bank of America Corp DE lifted its holdings in Esterline Technologies Corporation by 1.0% during the first quarter. Bank of America Corp DE now owns 104,363 shares of the aerospace company’s stock worth $8,981,000 after acquiring an additional 1,046 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Esterline Technologies Corporation by 874.0% in the second quarter. Bank of Montreal Can now owns 30,505 shares of the aerospace company’s stock valued at $2,892,000 after purchasing an additional 27,373 shares in the last quarter. Hedge funds and other institutional investors own 91.30% of the company’s stock.

The stock has a market capitalization of $2,100.00, a price-to-earnings ratio of 16.16, a P/E/G ratio of 1.28 and a beta of 1.54. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25.

Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 EPS for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.26). The firm had revenue of $531.50 million during the quarter, compared to the consensus estimate of $540.55 million. Esterline Technologies Corporation had a net margin of 5.86% and a return on equity of 7.68%. The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.96 earnings per share. analysts forecast that Esterline Technologies Corporation will post 4.96 earnings per share for the current fiscal year.

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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.

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