Esterline Technologies Corporation (NYSE:ESL) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

A number of other equities research analysts have also weighed in on ESL. Canaccord Genuity reaffirmed a “hold” rating and set a $86.00 target price on shares of Esterline Technologies Corporation in a research note on Thursday, April 20th. Credit Suisse Group reaffirmed an “outperform” rating and set a $106.00 target price (up previously from $96.00) on shares of Esterline Technologies Corporation in a research note on Friday, May 5th. Zacks Investment Research raised shares of Esterline Technologies Corporation from a “hold” rating to a “buy” rating and set a $102.00 target price on the stock in a research note on Monday, May 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $92.00 target price on shares of Esterline Technologies Corporation in a research note on Thursday, May 18th. Finally, BidaskClub lowered shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 23rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $94.17.

Esterline Technologies Corporation (NYSE:ESL) traded down 1.74% during trading on Friday, hitting $82.10. 421,674 shares of the stock were exchanged. The stock has a market cap of $2.46 billion, a P/E ratio of 18.29 and a beta of 1.43. Esterline Technologies Corporation has a 52 week low of $69.55 and a 52 week high of $102.70. The stock has a 50 day moving average of $93.53 and a 200-day moving average of $91.49.

Esterline Technologies Corporation (NYSE:ESL) last announced its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by $0.22. The company had revenue of $503.80 million for the quarter, compared to the consensus estimate 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 for the quarter was down 2.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.38 EPS. Equities analysts expect that Esterline Technologies Corporation will post $4.65 EPS for the current fiscal year.

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In related news, CFO Robert David George sold 26,700 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The shares were sold at an average price of $93.46, for a total transaction of $2,495,382.00. Following the sale, the chief financial officer now owns 29,960 shares of the company’s stock, valued at $2,800,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total transaction of $749,805.00. The disclosure for this sale can be found here. Insiders own 1.40% of the company’s stock.

A number of large investors have recently bought and sold shares of ESL. Teachers Advisors LLC raised its stake in Esterline Technologies Corporation by 2.8% in the fourth quarter. Teachers Advisors LLC now owns 55,531 shares of the aerospace company’s stock valued at $4,953,000 after buying an additional 1,531 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Esterline Technologies Corporation by 13.6% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 10,343 shares of the aerospace company’s stock valued at $890,000 after buying an additional 1,236 shares during the last quarter. Bank of Montreal Can raised its stake in Esterline Technologies Corporation by 14.3% in the first quarter. Bank of Montreal Can now owns 3,132 shares of the aerospace company’s stock valued at $269,000 after buying an additional 393 shares during the last quarter. Capstone Asset Management Co. raised its stake in Esterline Technologies Corporation by 33.6% in the first quarter. Capstone Asset Management Co. now owns 3,772 shares of the aerospace company’s stock valued at $325,000 after buying an additional 948 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in Esterline Technologies Corporation by 2.7% in the first quarter. Louisiana State Employees Retirement System now owns 7,500 shares of the aerospace company’s stock valued at $645,000 after buying an additional 200 shares during the last quarter. 90.85% of the stock is currently owned by institutional investors and hedge funds.

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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Analyst Recommendations for Esterline Technologies Corporation (NYSE:ESL)

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