Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Shares Sold by Dorsey Wright & Associates

Dorsey Wright & Associates reduced its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 10.7% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,556 shares of the aerospace company's stock after selling 12,254 shares during the period. Embraer-Empresa Brasileira de Aeronautica makes up approximately 1.2% of Dorsey Wright & Associates' portfolio, making the stock its 23rd largest position. Dorsey Wright & Associates owned about 0.06% of Embraer-Empresa Brasileira de Aeronautica worth $4,738,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at about $502,000. Raymond James Financial Inc. acquired a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at approximately $2,453,000. Quantbot Technologies LP purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth approximately $121,000. Sei Investments Co. boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 20.7% during the 4th quarter. Sei Investments Co. now owns 239,423 shares of the aerospace company's stock worth $8,782,000 after acquiring an additional 41,143 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 109.6% in the 4th quarter. JPMorgan Chase & Co. now owns 464,002 shares of the aerospace company's stock worth $17,020,000 after acquiring an additional 242,649 shares during the period. Institutional investors and hedge funds own 34.65% of the company's stock.

Analyst Upgrades and Downgrades

ERJ has been the subject of several research reports. HSBC raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $45.00 to $57.00 in a report on Wednesday, June 4th. UBS Group reaffirmed a "sell" rating and set a $39.00 price target (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Hsbc Global Res upgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group increased 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. One investment 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. Based on data from MarketBeat, Embraer-Empresa Brasileira de Aeronautica currently has an average rating of "Moderate Buy" and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE ERJ traded down $2.16 during trading on Thursday, reaching $47.68. The company had a trading volume of 2,051,753 shares, compared to its average volume of 2,135,078. The company has a current ratio of 1.32, a quick ratio of 0.59 and a debt-to-equity ratio of 0.56. Embraer-Empresa Brasileira de Aeronautica has a twelve month low of $26.04 and a twelve month high of $61.65. The stock has a 50-day moving average price of $51.36 and a two-hundred day moving average price of $47.00. The stock has a market capitalization of $8.76 billion, a PE ratio of 22.07 and a beta of 1.72.

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

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The company also recently disclosed 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 was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's dividend payout ratio is presently 2.31%.

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.