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

Esterline Technologies Corporation (NYSE:ESL) Director Nils Larsen purchased 1,450 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were purchased at an average cost of $70.10 per share, for a total transaction of $101,645.00. Following the completion of the acquisition, the director now directly owns 4,140 shares of the company’s stock, valued at approximately $290,214. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Nils Larsen also recently made the following trade(s):

  • On Tuesday, November 14th, Nils Larsen purchased 1,450 shares of Esterline Technologies stock. The shares were purchased at an average cost of $70.51 per share, for a total transaction of $102,239.50.

Esterline Technologies Corporation (NYSE:ESL) traded up $1.15 during trading hours on Thursday, reaching $70.50. 685,284 shares of the company’s stock were exchanged, compared to its average volume of 169,993. The company has a debt-to-equity ratio of 0.41, a current ratio of 3.25 and a quick ratio of 2.03. The firm has a market capitalization of $2,110.90, a PE ratio of 16.11, a PEG ratio of 1.51 and a beta of 1.43. Esterline Technologies Corporation has a 52 week low of $68.30 and a 52 week high of $102.70.

Esterline Technologies (NYSE:ESL) last posted its quarterly earnings data on Thursday, November 9th. The aerospace company reported $1.27 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.53 by ($0.26). The company had revenue of $531.50 million for the quarter, compared to analyst estimates of $540.55 million. Esterline Technologies had a return on equity of 7.68% and a net margin of 5.86%. The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.96 earnings per share. equities research analysts predict that Esterline Technologies Corporation will post 3.85 earnings per share for the current year.

A number of research firms have weighed in on ESL. ValuEngine cut shares of Esterline Technologies from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Goldman Sachs Group cut shares of Esterline Technologies from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $86.00 to $75.00 in a research report on Thursday, August 10th. Jefferies Group restated a “hold” rating and set a $90.00 price objective (down from $92.00) on shares of Esterline Technologies in a research report on Wednesday, August 9th. Canaccord Genuity reduced their price objective on shares of Esterline Technologies from $92.00 to $90.00 and set a “hold” rating for the company in a research report on Friday, November 10th. Finally, Seaport Global Securities began coverage on shares of Esterline Technologies in a research report on Tuesday, September 12th. They set a “neutral” rating and a $93.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $90.33.

Hedge funds and other institutional investors have recently modified their holdings of the company. Great West Life Assurance Co. Can raised its position in shares of Esterline Technologies by 1.0% in the second quarter. Great West Life Assurance Co. Can now owns 17,528 shares of the aerospace company’s stock valued at $1,661,000 after buying an additional 172 shares during the last quarter. Chicago Equity Partners LLC raised its position in shares of Esterline Technologies by 46.3% in the second quarter. Chicago Equity Partners LLC now owns 38,340 shares of the aerospace company’s stock valued at $3,635,000 after buying an additional 12,125 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Esterline Technologies by 12.0% in the second quarter. Goldman Sachs Group Inc. now owns 935,158 shares of the aerospace company’s stock valued at $88,653,000 after buying an additional 100,543 shares during the last quarter. Retirement Systems of Alabama raised its position in shares of Esterline Technologies by 125.2% in the third quarter. Retirement Systems of Alabama now owns 86,456 shares of the aerospace company’s stock valued at $7,794,000 after buying an additional 48,073 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Esterline Technologies by 4.3% in the second quarter. Bank of New York Mellon Corp now owns 373,946 shares of the aerospace company’s stock valued at $35,449,000 after buying an additional 15,407 shares during the last quarter. Institutional investors and hedge funds own 91.26% of the company’s stock.

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About Esterline Technologies

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 (NYSE:ESL)

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