Esterline Technologies Corporation (NYSE:ESL) major shareholder Hawkeye Fund Fpa sold 7,621 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $91.04, for a total value of $693,815.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Esterline Technologies Corporation (NYSE:ESL) opened at 93.60 on Thursday. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 20.86 and a beta of 1.49. The company has a 50-day moving average price of $86.67 and a 200 day moving average price of $91.10. Esterline Technologies Corporation has a 12 month low of $69.85 and a 12 month high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.22). The business had revenue of $503.80 million during the quarter, compared to analyst estimates of $522.38 million. Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The company’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. Equities analysts predict that Esterline Technologies Corporation will post $4.64 earnings per share for the current year.

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ESL has been the subject of several recent research reports. BidaskClub cut Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a report on Friday, June 23rd. Jefferies Group LLC reaffirmed a “hold” rating and issued a $92.00 price target on shares of Esterline Technologies Corporation in a report on Tuesday, July 25th. Credit Suisse Group cut Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and cut their price target for the company from $106.00 to $100.00 in a report on Friday, August 4th. Canaccord Genuity increased their price target on Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a report on Friday, August 4th. Finally, Seaport Global Securities initiated coverage on Esterline Technologies Corporation in a report on Tuesday, September 12th. They issued a “neutral” rating and a $93.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $92.67.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Janney Capital Management LLC raised its holdings in Esterline Technologies Corporation by 0.3% in the 2nd quarter. Janney Capital Management LLC now owns 4,515 shares of the aerospace company’s stock valued at $428,000 after acquiring an additional 15 shares during the last quarter. Stephens Inc. AR raised its holdings in Esterline Technologies Corporation by 0.4% in the 2nd quarter. Stephens Inc. AR now owns 3,490 shares of the aerospace company’s stock valued at $331,000 after acquiring an additional 15 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in Esterline Technologies Corporation by 0.4% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 5,116 shares of the aerospace company’s stock valued at $440,000 after acquiring an additional 19 shares during the last quarter. Ironwood Investment Management LLC raised its holdings in Esterline Technologies Corporation by 1.1% in the 1st quarter. Ironwood Investment Management LLC now owns 9,075 shares of the aerospace company’s stock valued at $781,000 after acquiring an additional 95 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in Esterline Technologies Corporation by 0.7% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 14,431 shares of the aerospace company’s stock valued at $1,368,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 92.18% of the company’s stock.

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.

Insider Buying and Selling by Quarter for Esterline Technologies Corporation (NYSE:ESL)

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