Ameriprise Financial Inc. Has $8,079,000 Position in Esterline Technologies Corp. (ESL)
Ameriprise Financial Inc. lowered its position in Esterline Technologies Corp. (NYSE:ESL) by 6.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,213 shares of the company’s stock after selling 8,414 shares during the period. Ameriprise Financial Inc. owned 0.44% of Esterline Technologies Corp. worth $8,079,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. LS Investment Advisors LLC boosted its position in Esterline Technologies Corp. by 74.6% in the second quarter. LS Investment Advisors LLC now owns 1,814 shares of the company’s stock worth $113,000 after buying an additional 775 shares in the last quarter. Bank of Montreal Can acquired a new position in Esterline Technologies Corp. during the second quarter worth about $117,000. Magnetar Financial LLC boosted its position in Esterline Technologies Corp. by 1.0% in the first quarter. Magnetar Financial LLC now owns 4,583 shares of the company’s stock worth $294,000 after buying an additional 44 shares in the last quarter. Societe Generale acquired a new position in Esterline Technologies Corp. during the second quarter worth about $495,000. Finally, Virginia Retirement System acquired a new position in Esterline Technologies Corp. during the first quarter worth about $538,000. 87.70% of the stock is owned by institutional investors and hedge funds.
Shares of Esterline Technologies Corp. (NYSE:ESL) traded down 0.49% on Thursday, reaching $75.46. The company’s stock had a trading volume of 46,240 shares. Esterline Technologies Corp. has a 12-month low of $45.12 and a 12-month high of $96.44. The company’s 50-day moving average is $75.86 and its 200 day moving average is $67.86. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 46.70 and a beta of 1.23.
Esterline Technologies Corp. (NYSE:ESL) last issued its earnings results on Thursday, August 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.10. The company earned $517.10 million during the quarter, compared to analyst estimates of $490.37 million. Esterline Technologies Corp. had a return on equity of 6.15% and a net margin of 2.40%. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts anticipate that Esterline Technologies Corp. will post $4.51 earnings per share for the current fiscal year.
ESL has been the topic of several research reports. Zacks Investment Research lowered Esterline Technologies Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 6th. Jefferies Group reissued a “buy” rating and issued a $87.00 price target on shares of Esterline Technologies Corp. in a research note on Friday, August 5th. Finally, Drexel Hamilton raised Esterline Technologies Corp. from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a research note on Monday, August 15th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $81.17.
In other news, major shareholder Select Drawdown Fund L.P. Fpa acquired 5,340 shares of the stock in a transaction that occurred on Tuesday, August 2nd. The shares were bought at an average cost of $59.83 per share, for a total transaction of $319,492.20. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Albert S. Yost sold 10,800 shares of Esterline Technologies Corp. stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $76.32, for a total value of $824,256.00. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.
About Esterline Technologies Corp.
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. It operates through three segments: Avionics & Controls, Sensors & Systems, and Advanced Materials.
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