Rhumbline Advisers cut its holdings in shares of Esterline Technologies Co. (NYSE:ESL) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 53,164 shares of the aerospace company’s stock after selling 8,166 shares during the period. Rhumbline Advisers’ holdings in Esterline Technologies were worth $3,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Esterline Technologies by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 2,510,338 shares of the aerospace company’s stock worth $226,308,000 after acquiring an additional 11,085 shares during the period. Fiduciary Management Inc. WI raised its position in shares of Esterline Technologies by 6.6% in the third quarter. Fiduciary Management Inc. WI now owns 1,037,564 shares of the aerospace company’s stock worth $93,536,000 after acquiring an additional 64,608 shares during the period. Victory Capital Management Inc. raised its position in shares of Esterline Technologies by 16.6% in the fourth quarter. Victory Capital Management Inc. now owns 895,486 shares of the aerospace company’s stock worth $66,893,000 after acquiring an additional 127,323 shares during the period. Fisher Asset Management LLC raised its position in shares of Esterline Technologies by 46.2% in the fourth quarter. Fisher Asset Management LLC now owns 302,805 shares of the aerospace company’s stock worth $22,620,000 after acquiring an additional 95,627 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Esterline Technologies by 4,287.4% in the fourth quarter. American Century Companies Inc. now owns 242,359 shares of the aerospace company’s stock worth $18,104,000 after acquiring an additional 236,835 shares during the period. Institutional investors own 95.05% of the company’s stock.
In related news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $75.63, for a total transaction of $453,780.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Delores M. Etter acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average cost of $72.13 per share, with a total value of $72,130.00. Following the purchase, the director now owns 13,627 shares in the company, valued at approximately $982,915.51. The disclosure for this purchase can be found here. 1.30% of the stock is owned by insiders.
Shares of Esterline Technologies Co. (ESL) opened at $75.65 on Wednesday. The company has a market cap of $2,245.48, a PE ratio of 18.70, a PEG ratio of 1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.11 and a current ratio of 3.46. Esterline Technologies Co. has a one year low of $67.15 and a one year high of $102.70.
Esterline Technologies (NYSE:ESL) last released its earnings results on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The business had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. Esterline Technologies had a net margin of 3.31% and a return on equity of 6.89%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. research analysts forecast that Esterline Technologies Co. will post 3.81 EPS for the current fiscal year.
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Esterline Technologies Company Profile
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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