Esterline Technologies Corporation (ESL) Director Nils Larsen Acquires 1,450 Shares of Stock

Esterline Technologies Corporation (NYSE:ESL) Director Nils Larsen purchased 1,450 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was bought at an average cost of $70.51 per share, for a total transaction of $102,239.50. Following the completion of the transaction, the director now owns 2,690 shares in the company, valued at $189,671.90. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Esterline Technologies Corporation (NYSE ESL) traded down $0.30 during midday trading on Friday, hitting $71.25. The stock had a trading volume of 243,060 shares, compared to its average volume of 243,460. The company has a market cap of $2,130.00, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.50 and a beta of 1.54. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. Esterline Technologies Corporation has a 12-month low of $69.10 and a 12-month high of $102.70.

Esterline Technologies Corporation (NYSE:ESL) last released its quarterly earnings results on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.26). The firm had revenue of $531.50 million for the quarter, compared to the consensus estimate of $540.55 million. Esterline Technologies Corporation had a net margin of 5.86% and a return on equity of 7.68%. Esterline Technologies Corporation’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.96 earnings per share. analysts expect that Esterline Technologies Corporation will post 3.85 EPS for the current fiscal year.

WARNING: “Esterline Technologies Corporation (ESL) Director Nils Larsen Acquires 1,450 Shares of Stock” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright legislation. The legal version of this story can be accessed at https://sportsperspectives.com/2017/11/18/esterline-technologies-corporation-esl-director-nils-larsen-acquires-1450-shares-of-stock.html.

Several equities analysts recently issued reports on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Esterline Technologies Corporation in a research report on Thursday, October 12th. Zacks Investment Research cut Esterline Technologies Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 19th. Credit Suisse Group cut Esterline Technologies Corporation from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $106.00 to $100.00 in a research report on Friday, August 4th. Canaccord Genuity reaffirmed a “hold” rating on shares of Esterline Technologies Corporation in a research report on Friday, October 13th. Finally, Seaport Global Securities assumed coverage on Esterline Technologies Corporation in a research report on Tuesday, September 12th. They issued a “neutral” rating and a $93.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating and eight have given a hold rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $92.33.

Large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in shares of Esterline Technologies Corporation by 13.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,092 shares of the aerospace company’s stock worth $104,000 after purchasing an additional 133 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Esterline Technologies Corporation by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,184 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 120 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Esterline Technologies Corporation by 57.4% in the 2nd quarter. Flinton Capital Management LLC now owns 1,360 shares of the aerospace company’s stock worth $129,000 after purchasing an additional 496 shares in the last quarter. Pacad Investment Ltd. increased its stake in shares of Esterline Technologies Corporation by 100.0% in the 2nd quarter. Pacad Investment Ltd. now owns 1,800 shares of the aerospace company’s stock worth $171,000 after purchasing an additional 900 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Esterline Technologies Corporation in the 2nd quarter worth $202,000. Hedge funds and other institutional investors own 91.30% 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.

Insider Buying and Selling by Quarter for Esterline Technologies Corporation (NYSE:ESL)

Receive News & Ratings for Esterline Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Esterline Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply