Embraer-Empresa Brasileira de Aeronautica Sees Unusually Large Options Volume (NYSE:ERJ)

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) saw some unusual options trading on Thursday. Traders bought 6,437 call options on the company. This represents an increase of approximately 203% compared to the typical volume of 2,124 call options.

Institutional Investors Weigh In On Embraer-Empresa Brasileira de Aeronautica

Several institutional investors and hedge funds have recently modified their holdings of ERJ. WPG Advisers LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica during the 1st quarter valued at approximately $25,000. Jones Financial Companies Lllp bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $28,000. Colonial Trust Co SC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at approximately $42,000. Edmond DE Rothschild Holding S.A. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 71.9% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock valued at $71,000 after purchasing an additional 809 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after purchasing an additional 1,249 shares during the last quarter. Institutional investors own 34.65% of the company's stock.

Analysts Set New Price Targets

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

Embraer-Empresa Brasileira de Aeronautica Price Performance

ERJ traded down $0.64 during trading on Friday, reaching $53.90. 2,358,756 shares of the company traded hands, compared to its average volume of 1,510,979. The company has a market cap of $9.90 billion, a P/E 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. Embraer-Empresa Brasileira de Aeronautica has a 12-month low of $26.04 and a 12-month high of $61.65. The firm has a fifty day simple moving average of $50.98 and a 200 day simple moving average of $46.16.

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

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

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

Embraer-Empresa Brasileira de Aeronautica Company Profile

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.