Esterline Technologies Corp. (NYSE:ESL) was down 1.3% on Monday . The stock traded as low as $63.37 and last traded at $63.53, with a volume of 83,704 shares. The stock had previously closed at $64.36.

Several equities research analysts recently weighed in on ESL shares. Zacks Investment Research raised shares of Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $76.00 target price on the stock in a research note on Monday, May 9th. Canaccord Genuity reissued a “hold” rating and issued a $75.00 price objective on shares of Esterline Technologies Corp. in a research report on Wednesday, May 11th. Finally, Goldman Sachs Group Inc. dropped their price objective on shares of Esterline Technologies Corp. from $62.00 to $61.00 and set a “neutral” rating on the stock in a research report on Monday, May 9th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $81.71.

The company has a market capitalization of $1.86 billion and a price-to-earnings ratio of 41.37. The stock’s 50-day moving average is $63.40 and its 200 day moving average is $65.40.

Esterline Technologies Corp. (NYSE:ESL) last released its earnings results on Thursday, May 5th. The company reported $0.92 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by $0.03. The company had revenue of $490.30 million for the quarter, compared to analyst estimates of $466.11 million. The business’s revenue was up 4.7% compared to the same quarter last year. On average, equities analysts expect that Esterline Technologies Corp. will post $4.45 earnings per share for the current year.

In other Esterline Technologies Corp. news, CFO Robert David George sold 20,800 shares of Esterline Technologies Corp. stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $67.06, for a total transaction of $1,394,848.00. Following the transaction, the chief financial officer now directly owns 16,278 shares of the company’s stock, valued at $1,091,602.68. The sale was disclosed in a filing with the SEC, which is available at this link.

A number of hedge funds and institutional investors have made changes to their positions in ESL. I.G. Investment Management LTD. boosted its position in shares of Esterline Technologies Corp. by 19.9% in the fourth quarter. I.G. Investment Management LTD. now owns 19,300 shares of the company’s stock worth $1,563,000 after buying an additional 3,200 shares during the period. Marshall Wace LLP acquired a new position in shares of Esterline Technologies Corp. during the fourth quarter worth $9,383,000. Victory Capital Management Inc. boosted its position in shares of Esterline Technologies Corp. by 28.8% in the fourth quarter. Victory Capital Management Inc. now owns 563,657 shares of the company’s stock worth $45,656,000 after buying an additional 126,173 shares during the period. Principal Financial Group Inc. boosted its position in shares of Esterline Technologies Corp. by 1.7% in the fourth quarter. Principal Financial Group Inc. now owns 195,651 shares of the company’s stock worth $15,848,000 after buying an additional 3,251 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Esterline Technologies Corp. by 13.7% in the fourth quarter. Wells Fargo & Company MN now owns 298,554 shares of the company’s stock worth $24,183,000 after buying an additional 35,875 shares during the period.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs, manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft, helicopters and land-based systems.

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