Hawkeye Fund Fpa Sells 6,000 Shares of Esterline Technologies Co. (ESL) Stock
Esterline Technologies Co. (NYSE:ESL) major shareholder Hawkeye Fund Fpa sold 6,000 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total transaction of $453,780.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of Esterline Technologies Co. (ESL) traded up $1.10 during trading on Wednesday, hitting $75.80. 168,800 shares of the stock were exchanged, compared to its average volume of 160,700. Esterline Technologies Co. has a 52-week low of $68.30 and a 52-week high of $102.70. The stock has a market capitalization of $2,270.00, a P/E ratio of 18.27, a price-to-earnings-growth ratio of 1.60 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.03 and a current ratio of 3.25.
Esterline Technologies (NYSE:ESL) last announced its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.53 by ($0.26). Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The firm had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. During the same period in the previous year, the company posted $1.96 earnings per share. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. equities research analysts expect that Esterline Technologies Co. will post 3.85 EPS for the current year.
Institutional investors have recently made changes to their positions in the company. Retirement Systems of Alabama lifted its holdings in shares of Esterline Technologies by 125.2% in the third quarter. Retirement Systems of Alabama now owns 86,456 shares of the aerospace company’s stock worth $7,794,000 after buying an additional 48,073 shares in the last quarter. Goldman Sachs Group Inc. raised its stake 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 valued at $88,653,000 after purchasing an additional 100,543 shares in the last quarter. Bank of New York Mellon Corp raised its stake 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 valued at $35,449,000 after purchasing an additional 15,407 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in Esterline Technologies in the third quarter valued at approximately $18,677,000. Finally, 1st Global Advisors Inc. purchased a new stake in Esterline Technologies in the second quarter valued at approximately $736,000. 91.20% of the stock is currently owned by hedge funds and other institutional investors.
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About Esterline Technologies
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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