Anchor Capital Advisors Lowers stake in Esterline Technologies Corporation (ESL)

Esterline Technologies Corporation (ESL) : Anchor Capital Advisors reduced its stake in Esterline Technologies Corporation by 0.92% during the most recent quarter end. The investment management company now holds a total of 476,040 shares of Esterline Technologies Corporation which is valued at $29,305,022 after selling 4,430 shares in Esterline Technologies Corporation , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Esterline Technologies Corporation makes up approximately 0.75% of Anchor Capital Advisors’s portfolio.

Other Hedge Funds, Including , North Point Portfolio Managers Corpoh reduced its stake in ESL by selling 4,942 shares or 3.15% in the most recent quarter. The Hedge Fund company now holds 152,091 shares of ESL which is valued at $9,578,691. Esterline Technologies Corporation makes up approx 1.83% of North Point Portfolio Managers Corpoh’s portfolio. Parametrica Management Ltd sold out all of its stake in ESL during the most recent quarter. The investment firm sold 4,554 shares of ESL which is valued $285,672.

Esterline Technologies Corporation opened for trading at $61.79 and hit $62.97 on the upside on Thursday, eventually ending the session at $62.29, with a gain of 1.19% or 0.73 points. The heightened volatility saw the trading volume jump to 2,88,582 shares. Company has a market cap of $1,828 M.

On the company’s financial health, Esterline Technologies Corporation reported $1.38 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $1.28. The company had revenue of $517.10 million for the quarter, compared to analysts expectations of $491.28 million. The company’s revenue was up 6.7% compared to the same quarter last year.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition its products are supplied to regional and business jet manufacturers and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls Sensors & Systems and Advanced Materials.

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