Burns Matteson Capital Management LLC Makes New $641,000 Investment in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Burns Matteson Capital Management LLC purchased a new position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,953 shares of the aerospace company’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Embraer-Empresa Brasileira de Aeronautica by 15.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,149 shares of the aerospace company’s stock worth $130,000 after buying an additional 291 shares during the period. CoreCap Advisors LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $39,000. Ethic Inc. grew its stake in Embraer-Empresa Brasileira de Aeronautica by 13.8% in the third quarter. Ethic Inc. now owns 5,503 shares of the aerospace company’s stock valued at $333,000 after acquiring an additional 666 shares during the period. Leavell Investment Management Inc. increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 6.1% in the third quarter. Leavell Investment Management Inc. now owns 12,245 shares of the aerospace company’s stock worth $740,000 after acquiring an additional 700 shares in the last quarter. Finally, Thoroughbred Financial Services LLC raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 4.7% during the third quarter. Thoroughbred Financial Services LLC now owns 16,184 shares of the aerospace company’s stock worth $978,000 after purchasing an additional 730 shares during the period. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

EMBJ stock opened at $59.30 on Wednesday. The stock has a 50-day moving average price of $67.89 and a two-hundred day moving average price of $65.48. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $38.78 and a 1 year high of $80.75. The stock has a market cap of $10.71 billion, a PE ratio of 30.89, a price-to-earnings-growth ratio of 1.35 and a beta of 1.55. The company has a current ratio of 1.50, a quick ratio of 0.82 and a debt-to-equity ratio of 0.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last issued its quarterly earnings results on Saturday, February 14th. The aerospace company reported $0.46 EPS for the quarter. The company had revenue of $2.65 billion for the quarter. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 7.45% and a net margin of 4.64%. Equities analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on EMBJ shares. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a report on Tuesday, March 10th. Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $80.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, March 10th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $64.43.

Embraer-Empresa Brasileira de Aeronautica Profile

Embraer SA (NYSE:EMBJ), legally known as Embraer – Empresa Brasileira de Aeronáutica SA, is a global aerospace company headquartered in São José dos Campos, Brazil. The company designs, develops, manufactures and sells commercial, executive, defence and agricultural aircraft. Embraer’s product portfolio includes the popular E-Jets family for regional and short-haul carriers, the advanced E2 series, a range of business jets under the Phenom, Legacy and Praetor brands, the A-29 Super Tucano military trainer and light attack aircraft, the C-390 Millennium multi-mission transport platform, and the Ipanema agricultural aircraft.

Embraer’s commercial aviation segment focuses on regional airlines and air taxi operators, offering aircraft that seat between 70 and 150 passengers.