Shares of Esterline Technologies Corporation (NYSE:ESL) have been given a consensus rating of “Hold” by the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $90.33.

Several analysts have weighed in on ESL shares. SunTrust Banks reissued a “buy” rating on shares of Esterline Technologies in a report on Thursday, October 12th. ValuEngine lowered Esterline Technologies from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. Drexel Hamilton lowered Esterline Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research lowered Esterline Technologies from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. Finally, Canaccord Genuity reaffirmed a “hold” rating on shares of Esterline Technologies in a research note on Friday, October 13th.

In related news, Chairman Curtis C. Reusser acquired 2,900 shares of the firm’s stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average price of $70.00 per share, with a total value of $203,000.00. Following the completion of the purchase, the chairman now directly owns 39,199 shares in the company, valued at $2,743,930. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder J Richard Atwood sold 173,979 shares of the stock in a transaction on Monday, November 6th. The shares were sold at an average price of $95.24, for a total value of $16,569,759.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 269,911 shares of company stock worth $25,692,702. Corporate insiders own 1.40% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can lifted its position in Esterline Technologies by 874.0% during the second quarter. Bank of Montreal Can now owns 30,505 shares of the aerospace company’s stock worth $2,892,000 after buying an additional 27,373 shares during the period. Aperio Group LLC lifted its position in Esterline Technologies by 19.2% during the second quarter. Aperio Group LLC now owns 5,353 shares of the aerospace company’s stock worth $507,000 after buying an additional 861 shares during the period. Acadian Asset Management LLC purchased a new position in Esterline Technologies during the second quarter worth about $1,624,000. ING Groep NV purchased a new position in Esterline Technologies during the second quarter worth about $343,000. Finally, Janney Montgomery Scott LLC lifted its position in Esterline Technologies by 1.4% during the second quarter. Janney Montgomery Scott LLC now owns 12,394 shares of the aerospace company’s stock worth $1,175,000 after buying an additional 170 shares during the period. 91.26% of the stock is currently owned by institutional investors and hedge funds.

Shares of Esterline Technologies (ESL) opened at $69.35 on Thursday. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. The firm has a market capitalization of $2,110.90, a price-to-earnings ratio of 16.11, a price-to-earnings-growth ratio of 1.51 and a beta of 1.43. Esterline Technologies has a twelve month low of $68.30 and a twelve month high of $102.70.

Esterline Technologies (NYSE:ESL) last posted its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share 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 analyst estimates of $540.55 million. Esterline Technologies had a net margin of 5.86% and a return on equity of 7.68%. The firm’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the company posted $1.96 EPS. equities research analysts forecast that Esterline Technologies will post 3.85 EPS for the current fiscal year.

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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.

Analyst Recommendations for Esterline Technologies (NYSE:ESL)

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