Seaport Global Securities started coverage on shares of Esterline Technologies Corporation (NYSE:ESL) in a research note published on Tuesday. The brokerage issued a neutral rating and a $93.00 price target on the aerospace company’s stock.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC restated a hold rating and set a $92.00 price objective on shares of Esterline Technologies Corporation in a report on Tuesday, July 25th. BidaskClub upgraded shares of Esterline Technologies Corporation from a sell rating to a hold rating in a report on Wednesday, July 19th. Canaccord Genuity restated a hold rating and set a $90.00 price objective on shares of Esterline Technologies Corporation in a report on Thursday, June 22nd. Zacks Investment Research downgraded shares of Esterline Technologies Corporation from a buy rating to a hold rating in a report on Friday, June 9th. Finally, ValuEngine downgraded shares of Esterline Technologies Corporation from a buy rating to a hold rating in a report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $94.00.

Shares of Esterline Technologies Corporation (NYSE ESL) opened at 85.85 on Tuesday. The company’s 50-day moving average is $87.83 and its 200 day moving average is $90.99. Esterline Technologies Corporation has a 12 month low of $69.85 and a 12 month high of $102.70. The stock has a market capitalization of $2.57 billion, a P/E ratio of 19.13 and a beta of 1.45.

Esterline Technologies Corporation (NYSE:ESL) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $1.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.30 by ($0.22). Esterline Technologies Corporation had a net margin of 6.65% and a return on equity of 9.18%. The company had revenue of $503.80 million for the quarter, compared to analyst estimates of $522.38 million. During the same quarter last year, the company earned $1.38 EPS. The business’s revenue was down 2.6% compared to the same quarter last year. Equities research analysts predict that Esterline Technologies Corporation will post $4.65 earnings per share for the current year.

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In related news, major shareholder Hawkeye Fund Fpa sold 7,770 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $96.50, for a total value of $749,805.00. The sale was disclosed in a document filed with the SEC, which is available at this link. 1.40% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Lord Abbett & CO. LLC purchased a new stake in Esterline Technologies Corporation in the second quarter valued at approximately $26,478,000. Phocas Financial Corp. boosted its position in Esterline Technologies Corporation by 4.7% in the second quarter. Phocas Financial Corp. now owns 120,744 shares of the aerospace company’s stock valued at $11,447,000 after buying an additional 5,382 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Esterline Technologies Corporation in the second quarter valued at approximately $285,000. WINTON GROUP Ltd boosted its position in Esterline Technologies Corporation by 122.2% in the second quarter. WINTON GROUP Ltd now owns 77,719 shares of the aerospace company’s stock valued at $7,368,000 after buying an additional 42,742 shares during the last quarter. Finally, 1st Global Advisors Inc. purchased a new stake in Esterline Technologies Corporation in the second quarter valued at approximately $736,000. Hedge funds and other institutional investors own 92.66% of the company’s stock.

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.

Analyst Recommendations for Esterline Technologies Corporation (NYSE:ESL)

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