A Director at Esterline Techs (NYSE: ESL) is Buying Shares

By Carrie Williams

Today, a Director at Esterline Techs (NYSE: ESL), Mary Howell, bought shares of ESL for $202.3K.

Following this transaction Mary Howell’s holding in the company was increased by 27.24% to a total of $925.8K. In addition to Mary Howell, 6 other ESL executives reported Buy trades in the last month.

The company has a one-year high of $102.70 and a one-year low of $68.30. ESL’s market cap is $2.08B and the company has a P/E ratio of 17.87. Currently, Esterline Techs has an average volume of 263.4K.

Based on 4 analyst ratings, the analyst consensus is Hold with an average price target of $84, reflecting a -17.7% downside. Seven different firms, including Canaccord Genuity and Credit Suisse, currently also have a Buy rating on the stock.

In the last 30 days, insiders have sold $1.38M worth of ESL shares and purchased $679.2K worth of ESL shares. The insider sentiment on Esterline Techs has been negative according to 37 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials.