Esterline Technologies Corporation (NYSE:ESL) was downgraded by Drexel Hamilton from a “buy” rating to a “hold” rating in a report released on Friday.

Several other analysts have also issued reports on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Esterline Technologies Corporation in a research note on Thursday, October 12th. Credit Suisse Group lowered Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $106.00 to $100.00 in a research note on Friday, August 4th. Zacks Investment Research lowered Esterline Technologies Corporation from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 19th. BidaskClub raised Esterline Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Seaport Global Securities initiated coverage on Esterline Technologies Corporation in a research note on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price objective for the company. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Esterline Technologies Corporation presently has a consensus rating of “Hold” and an average price target of $92.67.

Shares of Esterline Technologies Corporation (NYSE:ESL) opened at $89.39 on Friday. The stock has a market capitalization of $2,792.16, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 1.67 and a beta of 1.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.22 and a quick ratio of 1.92. Esterline Technologies Corporation has a 52 week low of $76.00 and a 52 week high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last issued its earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.58 by ($0.31). The firm had revenue of $531.50 million during the quarter, compared to analysts’ expectations of $540.55 million. Esterline Technologies Corporation had a return on equity of 9.18% and a net margin of 6.65%. The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.96 EPS. equities analysts expect that Esterline Technologies Corporation will post 4.63 EPS for the current year.

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In other Esterline Technologies Corporation news, major shareholder Hawkeye Fund Fpa sold 7,621 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $91.04, for a total value of $693,815.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder First Pacific Advisors, Llc sold 8,931 shares of the stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $95.21, for a total value of $850,320.51. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,911 shares of company stock valued at $25,692,702. 1.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Esterline Technologies Corporation by 0.9% in the second quarter. Vanguard Group Inc. now owns 2,454,359 shares of the aerospace company’s stock worth $232,673,000 after purchasing an additional 22,930 shares in the last quarter. State Street Corp raised its holdings in Esterline Technologies Corporation by 1.9% in the second quarter. State Street Corp now owns 1,082,486 shares of the aerospace company’s stock worth $102,617,000 after purchasing an additional 20,181 shares in the last quarter. Fiduciary Management Inc. WI raised its holdings in Esterline Technologies Corporation by 14.5% in the second quarter. Fiduciary Management Inc. WI now owns 972,956 shares of the aerospace company’s stock worth $92,236,000 after purchasing an additional 123,467 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Esterline Technologies Corporation by 12.0% in the second quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock worth $88,653,000 after purchasing an additional 100,543 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Esterline Technologies Corporation by 3.2% in the second quarter. Northern Trust Corp now owns 827,955 shares of the aerospace company’s stock worth $78,490,000 after purchasing an additional 25,723 shares in the last quarter. Institutional investors and hedge funds own 91.95% 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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