18,347 Shares in Embraer-Empresa Brasileira de Aeronautica $ERJ Acquired by HAP Trading LLC

Key Points

• HAP Trading LLC acquired 18,347 shares of Embraer-Empresa Brasileira de Aeronautica, totaling approximately $848,000, during the first quarter.
• Embraer's most recent earnings report showed a loss of ($0.02) EPS, missing estimates, but revenue of $1.82 billion exceeded expectations.
• Analyst ratings for Embraer vary, with two analysts giving a "Strong Buy" rating and a consensus price target of $54.67.

HAP Trading LLC purchased a new position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,347 shares of the aerospace company's stock, valued at approximately $848,000.

Several other hedge funds have also made changes to their positions in ERJ. Colonial Trust Co SC bought a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter worth approximately $42,000. Northwestern Mutual Wealth Management Co. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 241.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company's stock valued at $82,000 after acquiring an additional 1,249 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% during the 1st quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock valued at $114,000 after acquiring an additional 2,147 shares in the last quarter. Redwood Investments LLC bought a new stake in Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at $161,000. Finally, PNC Financial Services Group Inc. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 47.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company's stock valued at $176,000 after acquiring an additional 1,216 shares in the last quarter. Institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

Shares of NYSE ERJ opened at $55.84 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.33 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 27.24 and a beta of 1.76. The stock's fifty day simple moving average is $55.13 and its 200 day simple moving average is $49.62. Embraer-Empresa Brasileira de Aeronautica has a 52-week low of $31.76 and a 52-week high of $61.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last issued its earnings results on Tuesday, August 5th. The aerospace company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.47 by ($0.49). The company had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%.During the same quarter in the previous year, the firm earned $0.44 earnings per share. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. 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. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. The Goldman Sachs Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. UBS Group lifted their target price on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a research note on Friday, August 15th. Finally, Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 target price on the stock in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.