6,828 Shares in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Purchased by Bayforest Capital Ltd

Bayforest Capital Ltd purchased a new stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,828 shares of the aerospace company's stock, valued at approximately $315,000.

Several other large investors also recently modified their holdings of ERJ. Colonial Trust Co SC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $42,000. Edmond DE Rothschild Holding S.A. boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 71.9% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 1,934 shares of the aerospace company's stock worth $71,000 after acquiring an additional 809 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Embraer-Empresa Brasileira de Aeronautica by 673.0% during the first quarter. Farther Finance Advisors LLC now owns 2,466 shares of the aerospace company's stock worth $114,000 after acquiring an additional 2,147 shares in the last quarter. Redwood Investments LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $161,000. Finally, Quantinno Capital Management LP bought a new position in Embraer-Empresa Brasileira de Aeronautica during the fourth quarter worth $227,000. 34.65% of the stock is currently owned by institutional investors and hedge funds.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.1%

Shares of ERJ traded down $0.65 during trading hours on Friday, reaching $56.93. 2,850,264 shares of the stock traded hands, compared to its average volume of 2,935,624. 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 stock has a fifty day simple moving average of $51.84 and a 200 day simple moving average of $47.61. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $26.04 and a 52 week high of $61.65. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 26.36 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the firm earned ($0.48) earnings per share. The firm's revenue was up 23.0% on a year-over-year basis. 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 Dividend Announcement

The business also recently disclosed a -- dividend, which was paid on Monday, June 2nd. Investors 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 dividend payout ratio (DPR) is 2.31%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ERJ. Wolfe Research raised shares of 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. The Goldman Sachs Group raised their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, May 12th. HSBC raised 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 research note on Wednesday, June 4th. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. Finally, UBS Group reaffirmed a "sell" rating and issued a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $52.67.

Embraer-Empresa Brasileira de Aeronautica 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.