This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Esterline Technologies (ESL): Today's Featured Aerospace/Defense Winner

Esterline Technologies ( ESL) pushed the Aerospace/Defense industry higher today making it today's featured aerospace/defense winner. The industry as a whole closed the day down 0.6%. By the end of trading, Esterline Technologies rose $1.18 (2.3%) to $52.56 on heavy volume. Throughout the day, 507,704 shares of Esterline Technologies exchanged hands as compared to its average daily volume of 330,800 shares. The stock ranged in a price between $49.97-$53.13 after having opened the day at $49.97 as compared to the previous trading day's close of $51.38. Other companies within the Aerospace/Defense industry that increased today were: Aerosonic Corporation ( AIM), up 3.8%, Ducommun ( DCO), up 3.1%, GenCorp ( GY), up 2.6%, and Astronics Corporation ( ATRO), up 2.2%.

Esterline Technologies Corporation designs, manufactures, and markets engineered products and systems primarily for the aerospace and defense market, as well as for industrial/commercial and medical markets in the United States and Europe. Esterline Technologies has a market cap of $1.57 billion and is part of the industrial goods sector. The company has a P/E ratio of 12, equal to the average aerospace/defense industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 23.2% year to date as of the close of trading on Tuesday. Currently there are eight analysts that rate Esterline Technologies a buy, no analysts rate it a sell, and two rate it a hold.

TheStreet Ratings rates Esterline Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and attractive valuation levels. We feel these strengths outweigh the fact that the company has had sub par growth in net income.

On the negative front, Hexcel Corporation ( HXL), down 4.5%, Astrotech ( ASTC), down 4.3%, Edac Technologies Corporation ( EDAC), down 3.8%, and CAE ( CAE), down 3%, were all losers within the aerospace/defense industry with Honeywell International ( HON) being today's aerospace/defense industry loser.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the aerospace/defense industry could consider iShares DJ US Aerospace & Def Idx ( ITA) while those bearish on the aerospace/defense industry could consider ProShares Short Dow 30 ( DOG).

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Submit an article to us!

Markets

DOW 18,070.40 +46.34 0.26%
S&P 500 2,114.49 +6.20 0.29%
NASDAQ 5,016.9290 +11.5380 0.23%

Partners Compare Online Brokers

Top Rated Stocks Top Rated Funds Top Rated ETFs