Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Gap Down - Here's What Happened

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $57.20, but opened at $52.14. Embraer-Empresa Brasileira de Aeronautica shares last traded at $52.51, with a volume of 1,801,533 shares traded.

Analysts Set New Price Targets

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

Embraer-Empresa Brasileira de Aeronautica Trading Down 1.2%

The company has a market capitalization of $9.90 billion, a PE ratio of 24.95 and a beta of 1.72. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32. The business has a fifty day moving average price of $50.98 and a 200 day moving average price of $46.22.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $1.17 billion. During the same period last year, the business posted ($0.48) EPS. The company's revenue was up 23.0% on a year-over-year basis. Analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date of this dividend was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is 1.85%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. US Bancorp DE grew its position in shares of Embraer-Empresa Brasileira de Aeronautica by 13.4% in the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock worth $122,000 after acquiring an additional 395 shares in the last quarter. Townsquare Capital LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 1.7% during the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after purchasing an additional 454 shares during the period. WPG Advisers LLC acquired a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at approximately $25,000. Stifel Financial Corp boosted its position in Embraer-Empresa Brasileira de Aeronautica by 0.8% during the 4th quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company's stock valued at $2,780,000 after purchasing an additional 566 shares during the period. Finally, U.S. Capital Wealth Advisors LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 5.3% during the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 12,312 shares of the aerospace company's stock valued at $569,000 after purchasing an additional 624 shares during the period. Institutional investors and hedge funds 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.