Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Sets New 1-Year High - Here's What Happened

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.65 and last traded at $60.90, with a volume of 723317 shares changing hands. The stock had previously closed at $61.02.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. HSBC upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and raised their price objective for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. The Goldman Sachs Group increased their target price on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research report on Monday, May 12th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. UBS Group reissued a "sell" rating and set a $39.00 target price (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Finally, Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Trading Up 0.3%

The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. The firm has a market cap of $11.03 billion, a price-to-earnings ratio of 27.81 and a beta of 1.72. The firm's 50-day moving average is $50.15 and its 200-day moving average is $45.74.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same period in the previous year, the business posted ($0.48) EPS. The firm's quarterly revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The firm also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a dividend of $0.049 per share. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 2.31%.

Institutional Trading of Embraer-Empresa Brasileira de Aeronautica

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. WPG Advisers LLC bought a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the first quarter valued at approximately $25,000. Jones Financial Companies Lllp purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the fourth quarter valued at $28,000. SPX Gestao de Recursos Ltda purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $37,000. Colonial Trust Co SC purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $42,000. Finally, Edmond DE Rothschild Holding S.A. raised its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 71.9% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock worth $71,000 after buying an additional 809 shares during the period. Institutional investors own 34.65% of the company's stock.

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.