Esterline Technologies (NYSE:ESL) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.

Several other research firms have also issued reports on ESL. Seaport Global Securities started coverage on shares of Esterline Technologies in a report on Tuesday, September 12th. They issued a “neutral” rating and a $93.00 target price for the company. Canaccord Genuity increased their target price on shares of Esterline Technologies from $90.00 to $92.00 and gave the stock a “hold” rating in a report on Friday, August 4th. SunTrust Banks lowered shares of Esterline Technologies from a “buy” rating to a “hold” rating and set a $106.00 target price for the company. in a report on Friday, November 10th. Goldman Sachs Group lowered shares of Esterline Technologies from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $86.00 to $75.00 in a report on Thursday, August 10th. Finally, Drexel Hamilton lowered shares of Esterline Technologies from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Esterline Technologies presently has an average rating of “Hold” and a consensus target price of $90.33.

Esterline Technologies (NYSE:ESL) traded down $0.90 during midday trading on Friday, hitting $69.95. 290,518 shares of the stock traded hands, compared to its average volume of 342,178. Esterline Technologies has a 12-month low of $68.30 and a 12-month high of $102.70. The stock has a market cap of $2,097.38, a price-to-earnings ratio of 16.01, a P/E/G ratio of 1.50 and a beta of 1.44. The company has a quick ratio of 2.03, a current ratio of 3.25 and a debt-to-equity ratio of 0.41.

Esterline Technologies (NYSE:ESL) last released its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.53 by ($0.26). The firm had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The company’s revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.96 earnings per share. analysts forecast that Esterline Technologies will post 3.85 EPS for the current fiscal year.

In related news, Director Nils Larsen acquired 1,450 shares of the business’s stock in a transaction on Tuesday, November 14th. The stock was acquired at an average cost of $70.51 per share, with a total value of $102,239.50. Following the acquisition, the director now directly owns 2,690 shares in the company, valued at approximately $189,671.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Curtis C. Reusser acquired 2,900 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $70.00 per share, with a total value of $203,000.00. Following the completion of the acquisition, the chairman now owns 39,199 shares in the company, valued at $2,743,930. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 269,911 shares of company stock valued at $25,692,702. Insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its position in shares of Esterline Technologies by 1.0% during the 2nd quarter. Great West Life Assurance Co. Can now owns 17,528 shares of the aerospace company’s stock valued at $1,661,000 after acquiring an additional 172 shares during the last quarter. Chicago Equity Partners LLC lifted its position in Esterline Technologies by 46.3% in the second quarter. Chicago Equity Partners LLC now owns 38,340 shares of the aerospace company’s stock worth $3,635,000 after buying an additional 12,125 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Esterline Technologies by 12.0% in the second quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock worth $88,653,000 after buying an additional 100,543 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Esterline Technologies by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 373,946 shares of the aerospace company’s stock worth $35,449,000 after buying an additional 15,407 shares during the last quarter. Finally, Fisher Asset Management LLC bought a new stake in Esterline Technologies in the third quarter worth $18,677,000. 91.28% of the stock is owned by institutional investors and hedge funds.

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

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Analyst Recommendations for Esterline Technologies (NYSE:ESL)

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