Todays Report: Today: Esterline Technologies Corp. (ESL) Receives $81.17 Consensus PT from Analysts

Today: Esterline Technologies Corp. (ESL) Receives $81.17 Consensus PT from Analysts

Shares of Esterline Technologies Corp. (NYSE:ESL) have earned an average recommendation of “Buy” from the seven research firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $81.17.

Several research firms have weighed in on ESL. Jefferies Group reiterated a “buy” rating and issued a $87.00 target price on shares of Esterline Technologies Corp. in a report on Friday, August 5th. Zacks Investment Research upgraded shares of Esterline Technologies Corp. from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Finally, Drexel Hamilton upgraded shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a report on Monday, August 15th.

In other news, EVP Albert S. Yost sold 10,800 shares of the stock in a transaction on Friday, August 26th. The shares were sold at an average price of $76.32, for a total transaction of $824,256.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Select Drawdown Fund L.P. Fpa acquired 5,340 shares of the stock in a transaction dated Tuesday, August 2nd. The shares were bought at an average cost of $59.83 per share, with a total value of $319,492.20. The disclosure for this purchase can be found here. Insiders own 1.40% of the company’s stock.

Several large investors have recently modified their holdings of ESL. Metropolitan Life Insurance Co. NY increased its stake in shares of Esterline Technologies Corp. by 1.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 46,987 shares of the company’s stock valued at $3,010,000 after buying an additional 810 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Esterline Technologies Corp. by 289.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 19,250 shares of the company’s stock valued at $1,233,000 after buying an additional 14,310 shares in the last quarter. Prudential PLC increased its stake in shares of Esterline Technologies Corp. by 39.7% in the first quarter. Prudential PLC now owns 248,500 shares of the company’s stock valued at $15,921,000 after buying an additional 70,600 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in shares of Esterline Technologies Corp. by 17.3% in the first quarter. UBS Asset Management Americas Inc. now owns 50,144 shares of the company’s stock valued at $3,213,000 after buying an additional 7,391 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Esterline Technologies Corp. by 5.4% in the first quarter. UBS Group AG now owns 21,380 shares of the company’s stock valued at $1,370,000 after buying an additional 1,093 shares in the last quarter. 87.69% of the stock is owned by institutional investors.

Shares of Esterline Technologies Corp. (NYSE:ESL) opened at 72.50 on Friday. Esterline Technologies Corp. has a 1-year low of $45.12 and a 1-year high of $96.44. The company has a 50 day moving average of $75.57 and a 200 day moving average of $68.25. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 44.86 and a beta of 1.23.

Esterline Technologies Corp. (NYSE:ESL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.10. Esterline Technologies Corp. had a net margin of 2.40% and a return on equity of 6.15%. The business had revenue of $517.10 million for the quarter, compared to analyst estimates of $490.37 million. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. On average, equities analysts forecast that Esterline Technologies Corp. will post $4.51 earnings per share for the current fiscal year.

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