Vaughan Nelson Investment Management L.P. Increases Stake in Embraer-Empresa Brasileira de Aeronautica $ERJ

Vaughan Nelson Investment Management L.P. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 15.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 832,416 shares of the aerospace company’s stock after acquiring an additional 110,836 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $47,373,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. GQG Partners LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at approximately $276,246,000. Jennison Associates LLC grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 215.7% during the 1st quarter. Jennison Associates LLC now owns 4,126,160 shares of the aerospace company’s stock valued at $190,629,000 after buying an additional 2,819,306 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 654.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,500,799 shares of the aerospace company’s stock valued at $161,737,000 after buying an additional 3,036,797 shares in the last quarter. Invesco Ltd. grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 116.8% during the 1st quarter. Invesco Ltd. now owns 2,678,821 shares of the aerospace company’s stock valued at $123,762,000 after buying an additional 1,443,186 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at approximately $84,931,000. 34.65% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ERJ has been the subject of a number of research reports. The Goldman Sachs Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 target price for the company in a research report on Thursday, July 31st. Zacks Research upgraded Embraer-Empresa Brasileira de Aeronautica from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. UBS Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a “sell” rating in a research report on Friday, August 15th. Finally, Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $59.40.

Embraer-Empresa Brasileira de Aeronautica Stock Up 1.1%

Shares of ERJ opened at $57.42 on Friday. The company has a market cap of $10.55 billion, a PE ratio of 28.01, a P/E/G ratio of 3.43 and a beta of 1.82. The business has a fifty day moving average of $57.59 and a 200 day moving average of $51.81. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $32.26 and a 52-week high of $62.09. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last issued its quarterly earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.49). The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.During the same quarter in the prior year, the business earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

About Embraer-Empresa Brasileira de Aeronautica

Embraer SA designs, develops, manufactures, and sells aircraft and systems in North America, Latin America, the Asia Pacific, Brazil, Europe, and internationally. The company operates through Commercial Aviation; Defense & Security; Executive Aviation; Services & Support; and Other segments. The Commercial Aviation segment designs, develops, manufactures, and sells commercial jets, as well as leases aircraft.