Trading Report: Today, Esterline Technologies Corp. (ESL) Position Boosted by Victory Capital Management Inc.

Today, Esterline Technologies Corp. (ESL) Position Boosted by Victory Capital Management Inc.

Victory Capital Management Inc. raised its position in shares of Esterline Technologies Corp. (NYSE:ESL) by 8.3% during the third quarter, Holdings Channel reports. The fund owned 881,587 shares of the company’s stock after buying an additional 67,582 shares during the period. Victory Capital Management Inc. owned approximately 3.00% of Esterline Technologies Corp. worth $67,036,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS Asset Management Americas Inc. raised its position in 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 worth $3,213,000 after buying an additional 7,391 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in 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 worth $3,010,000 after buying an additional 810 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Esterline Technologies Corp. by 1,144.8% in the second quarter. BNP Paribas Arbitrage SA now owns 14,253 shares of the company’s stock worth $884,000 after buying an additional 13,108 shares during the last quarter. LS Investment Advisors LLC raised its position in Esterline Technologies Corp. by 74.6% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the company’s stock worth $113,000 after buying an additional 775 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Esterline Technologies Corp. during the second quarter worth approximately $117,000. 88.07% of the stock is owned by institutional investors and hedge funds.

Esterline Technologies Corp. (NYSE:ESL) traded down 1.30% on Monday, hitting $87.25. The company’s stock had a trading volume of 81,755 shares. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 25.53 and a beta of 1.33. Esterline Technologies Corp. has a 12 month low of $45.12 and a 12 month high of $96.44. The firm has a 50 day moving average of $76.53 and a 200 day moving average of $70.56.

Esterline Technologies Corp. (NYSE:ESL) last issued its quarterly earnings data on Thursday, November 10th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.60 by $0.36. Esterline Technologies Corp. had a net margin of 5.10% and a return on equity of 9.23%. The company had revenue of $543.80 million for the quarter, compared to the consensus estimate of $522.13 million. During the same period last year, the firm posted $1.33 EPS. Esterline Technologies Corp.’s revenue for the quarter was down .3% on a year-over-year basis. Equities research analysts forecast that Esterline Technologies Corp. will post $4.70 earnings per share for the current fiscal year.

A number of research analysts have commented on ESL shares. Jefferies Group reaffirmed a “buy” rating and set a $87.00 price target on shares of Esterline Technologies Corp. in a research report on Friday, August 5th. Zacks Investment Research raised Esterline Technologies Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Drexel Hamilton raised Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research report on Monday, August 15th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $70.00 price target on shares of Esterline Technologies Corp. in a research report on Tuesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Esterline Technologies Corp. presently has an average rating of “Hold” and an average target price of $81.17.

Esterline Technologies Corp. 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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.

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