Dorsey Wright & Associates Acquires New Stake in Embraer-Empresa Brasileira de Aeronautica $EMBJ

Dorsey Wright & Associates bought a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 59,040 shares of the aerospace company’s stock, valued at approximately $3,800,000.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at about $39,000. 1620 Investment Advisors Inc. bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth about $44,000. Thoroughbred Financial Services LLC grew its holdings 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 buying an additional 730 shares in the last quarter. Jones Financial Companies Lllp raised its position in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock valued at $70,000 after buying an additional 747 shares during the last quarter. Finally, Fred Alger Management LLC raised its position in Embraer-Empresa Brasileira de Aeronautica by 5.8% in the 3rd quarter. Fred Alger Management LLC now owns 15,918 shares of the aerospace company’s stock valued at $962,000 after buying an additional 867 shares during the last quarter. Institutional investors own 34.65% of the company’s stock.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.0%

EMBJ stock opened at $60.69 on Friday. The company has a market cap of $10.97 billion, a price-to-earnings ratio of 35.49, a P/E/G ratio of 1.47 and a beta of 1.46. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $46.54 and a twelve month high of $80.75. The business has a 50 day moving average price of $60.98 and a two-hundred day moving average price of $65.13. The company has a quick ratio of 0.73, a current ratio of 1.48 and a debt-to-equity ratio of 0.71.

Embraer-Empresa Brasileira de Aeronautica (NYSE:EMBJ) last announced its quarterly earnings data on Saturday, February 14th. The aerospace company reported $0.46 earnings per share (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 6.13% and a net margin of 3.94%. Analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

EMBJ has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price target on Embraer-Empresa Brasileira de Aeronautica from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. Zacks Research downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 8th. Scotiabank initiated coverage on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, June 8th. They issued a “sector outperform” rating and a $81.00 price objective on the stock. Weiss Ratings cut shares of Embraer-Empresa Brasileira de Aeronautica from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.29.

Embraer-Empresa Brasileira de Aeronautica Company 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.