Stone Ridge Asset Management LLC Purchases New Holdings in Esterline Technologies Co. (ESL)

Stone Ridge Asset Management LLC purchased a new stake in shares of Esterline Technologies Co. (NYSE:ESL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 4,650 shares of the aerospace company’s stock, valued at approximately $347,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESL. LSV Asset Management purchased a new position in Esterline Technologies during the 4th quarter valued at approximately $112,000. Dowling & Yahnke LLC purchased a new position in Esterline Technologies during the 4th quarter valued at approximately $217,000. ING Groep NV grew its holdings in Esterline Technologies by 23.2% during the 4th quarter. ING Groep NV now owns 3,981 shares of the aerospace company’s stock valued at $297,000 after buying an additional 750 shares in the last quarter. Parametrica Management Ltd purchased a new position in Esterline Technologies during the 4th quarter valued at approximately $299,000. Finally, Teton Advisors Inc. purchased a new position in Esterline Technologies during the 4th quarter valued at approximately $331,000. Institutional investors and hedge funds own 94.98% of the company’s stock.

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In related news, major shareholder Hawkeye Fund Fpa sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $75.63, for a total transaction of $453,780.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is currently owned by company insiders.

Shares of Esterline Technologies stock opened at $73.15 on Friday. The company has a market capitalization of $2,174.16, a PE ratio of 18.11, a P/E/G ratio of 1.60 and a beta of 1.29. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.46 and a quick ratio of 2.11. Esterline Technologies Co. has a one year low of $67.15 and a one year high of $102.70.

Esterline Technologies (NYSE:ESL) last announced its earnings results on Thursday, February 1st. The aerospace company reported $0.49 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.02. The firm had revenue of $482.30 million during the quarter, compared to analysts’ expectations of $459.38 million. Esterline Technologies had a return on equity of 6.89% and a net margin of 3.31%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.82 EPS. research analysts forecast that Esterline Technologies Co. will post 3.81 earnings per share for the current year.

Several equities analysts have weighed in on ESL shares. Credit Suisse Group cut Esterline Technologies from a “neutral” rating to an “underperform” rating in a report on Friday, January 12th. Jefferies Group restated a “hold” rating and set a $83.00 price target on shares of Esterline Technologies in a report on Monday, January 8th. Zacks Investment Research upgraded Esterline Technologies from a “sell” rating to a “hold” rating in a report on Monday, February 5th. ValuEngine upgraded Esterline Technologies from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Barclays began coverage on Esterline Technologies in a report on Thursday. They issued an “underweight” rating and a $76.00 target price for the company. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $79.25.

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Esterline Technologies 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.

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

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