Esterline Technologies Corporation (NYSE:ESL)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks, Inc. in a note issued to investors on Thursday.

Other equities analysts have also recently issued reports about the company. Jefferies Group LLC reissued a “hold” rating and set a $92.00 target price on shares of Esterline Technologies Corporation in a research note on Tuesday, July 25th. BidaskClub raised Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine cut Esterline Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 18th. Canaccord Genuity boosted their target price on Esterline Technologies Corporation from $90.00 to $92.00 and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised Esterline Technologies Corporation from a “strong sell” rating to a “hold” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. Esterline Technologies Corporation has a consensus rating of “Hold” and an average price target of $92.67.

Shares of Esterline Technologies Corporation (NYSE ESL) traded up 0.86% during mid-day trading on Thursday, hitting $93.80. 134,482 shares of the stock traded hands. The firm’s 50-day moving average is $88.10 and its 200-day moving average is $91.39. Esterline Technologies Corporation has a 52 week low of $69.85 and a 52 week high of $102.70. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 20.90 and a beta of 1.49.

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

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In related news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $91.04, for a total value of $693,815.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in Esterline Technologies Corporation by 13.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 133 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Esterline Technologies Corporation by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after acquiring an additional 120 shares during the last quarter. Flinton Capital Management LLC grew its stake in shares of Esterline Technologies Corporation by 57.4% in the second quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 496 shares during the last quarter. Pacad Investment Ltd. grew its stake in shares of Esterline Technologies Corporation by 100.0% in the second quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after acquiring an additional 900 shares during the last quarter. Finally, Invictus RG grew its stake in shares of Esterline Technologies Corporation by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock worth $194,000 after acquiring an additional 898 shares during the last quarter. 92.18% of the stock is currently owned by institutional investors.

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.

Analyst Recommendations for Esterline Technologies Corporation (NYSE:ESL)

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