SG Americas Securities LLC boosted its position in shares of Esterline Technologies Co. (NYSE:ESL) by 66.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 17,641 shares of the aerospace company’s stock after purchasing an additional 7,028 shares during the period. SG Americas Securities LLC’s holdings in Esterline Technologies were worth $1,604,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ESL. CHICAGO TRUST Co NA acquired a new stake in Esterline Technologies during the third quarter worth about $240,000. First Hawaiian Bank acquired a new stake in Esterline Technologies during the third quarter worth about $304,000. First Washington CORP acquired a new stake in Esterline Technologies during the second quarter worth about $306,000. Parametrica Management Ltd acquired a new stake in Esterline Technologies during the third quarter worth about $370,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Esterline Technologies during the second quarter worth about $516,000. Hedge funds and other institutional investors own 98.50% of the company’s stock.

ESL opened at $121.22 on Wednesday. Esterline Technologies Co. has a 1-year low of $67.15 and a 1-year high of $121.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.10 and a current ratio of 3.24. The company has a market capitalization of $3.50 billion, a PE ratio of 29.07, a P/E/G ratio of 2.73 and a beta of 0.62.

Esterline Technologies (NYSE:ESL) last posted its quarterly earnings results on Tuesday, November 20th. The aerospace company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.49. Esterline Technologies had a net margin of 3.45% and a return on equity of 6.85%. The company had revenue of $535.30 million for the quarter, compared to the consensus estimate of $534.09 million. During the same period last year, the company posted $1.27 EPS. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts expect that Esterline Technologies Co. will post 4.82 earnings per share for the current year.

In related news, major shareholder Fpa Funds Trust sold 110,935 shares of Esterline Technologies stock in a transaction that occurred on Wednesday, November 7th. The shares were sold at an average price of $117.52, for a total transaction of $13,037,081.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Pacific Advisors Lp First sold 99,629 shares of Esterline Technologies stock in a transaction that occurred on Thursday, October 25th. The stock was sold at an average price of $117.45, for a total transaction of $11,701,426.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 213,986 shares of company stock worth $25,140,045. 1.30% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Esterline Technologies from a “sell” rating to a “hold” rating in a research note on Friday, November 30th. Canaccord Genuity raised their price target on shares of Esterline Technologies from $85.00 to $122.50 and gave the company a “hold” rating in a research note on Wednesday, November 21st. ValuEngine upgraded shares of Esterline Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. Jefferies Financial Group set a $123.00 price target on shares of Esterline Technologies and gave the company a “hold” rating in a research note on Wednesday, November 21st. Finally, Barclays upgraded shares of Esterline Technologies from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $76.00 to $123.00 in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $103.38.

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Esterline Technologies Company Profile

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for aerospace and defense customers in the United States and internationally. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials. The Avionics & Controls segment offers global positioning systems, head-up displays, enhanced vision systems, and electronic flight management systems for control and display applications; lighted push-button and rotary switches, keyboards, lighted indicators, panels, and displays; and control sticks, grips, wheels, and switching systems.

See Also: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Esterline Technologies (NYSE:ESL)

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