Rice Hall James & Associates LLC increased its stake in shares of Esterline Technologies Corporation (NYSE:ESL) by 27.6% during the second quarter, Holdings Channel reports. The institutional investor owned 63,875 shares of the aerospace company’s stock after buying an additional 13,831 shares during the period. Rice Hall James & Associates LLC’s holdings in Esterline Technologies Corporation were worth $6,055,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LS Investment Advisors LLC increased its stake in Esterline Technologies Corporation by 2.9% in the first quarter. LS Investment Advisors LLC now owns 2,104 shares of the aerospace company’s stock valued at $181,000 after buying an additional 60 shares in the last quarter. Invictus RG increased its stake in Esterline Technologies Corporation by 66.3% in the first quarter. Invictus RG now owns 2,252 shares of the aerospace company’s stock valued at $194,000 after buying an additional 898 shares in the last quarter. Oakbrook Investments LLC acquired a new stake in Esterline Technologies Corporation during the second quarter valued at approximately $209,000. Perkins Coie Trust Co increased its stake in Esterline Technologies Corporation by 7.9% in the second quarter. Perkins Coie Trust Co now owns 2,729 shares of the aerospace company’s stock valued at $259,000 after buying an additional 200 shares in the last quarter. Finally, Bank of Montreal Can increased its stake in Esterline Technologies Corporation by 14.3% in the first quarter. Bank of Montreal Can now owns 3,132 shares of the aerospace company’s stock valued at $269,000 after buying an additional 393 shares in the last quarter. 90.22% of the stock is owned by institutional investors.

Shares of Esterline Technologies Corporation (NYSE:ESL) opened at 86.00 on Friday. Esterline Technologies Corporation has a 12-month low of $69.85 and a 12-month high of $102.70. The company’s 50 day moving average is $94.97 and its 200 day moving average is $91.57. The company has a market capitalization of $2.58 billion, a P/E ratio of 19.16 and a beta of 1.43.

Esterline Technologies Corporation (NYSE:ESL) last issued its earnings results on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.30 by $0.22. The firm had revenue of $503.80 million for the quarter, compared to analyst estimates of $522.38 million. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. Esterline Technologies Corporation’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.38 earnings per share. Analysts expect that Esterline Technologies Corporation will post $4.65 earnings per share for the current fiscal year.

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Several research firms have commented on ESL. Zacks Investment Research downgraded shares of Esterline Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 5th. Canaccord Genuity reissued a “hold” rating and issued a $90.00 target price on shares of Esterline Technologies Corporation in a research report on Monday, May 15th. Jefferies Group LLC reissued a “hold” rating and issued a $90.00 target price (down from $92.00) on shares of Esterline Technologies Corporation in a research report on Wednesday. Goldman Sachs Group, Inc. (The) downgraded shares of Esterline Technologies Corporation from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $86.00 to $75.00 in a research report on Thursday. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $106.00 target price (up from $96.00) on shares of Esterline Technologies Corporation in a research report on Friday, May 5th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Esterline Technologies Corporation currently has an average rating of “Hold” and a consensus price target of $93.00.

In related news, EVP Albert S. Yost sold 6,700 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $92.61, for a total transaction of $620,487.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the business’s stock in a transaction on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total transaction of $749,805.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,170 shares of company stock worth $3,865,674. 1.40% of the stock is owned by corporate insiders.

About Esterline Technologies Corporation

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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Institutional Ownership by Quarter for Esterline Technologies Corporation (NYSE:ESL)

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