Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) Stock Position Boosted by Spire Wealth Management

Spire Wealth Management raised its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 1,899.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,254 shares of the aerospace company's stock after purchasing an additional 16,391 shares during the period. Spire Wealth Management's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $797,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ERJ. Lindbrook Capital LLC increased its holdings in Embraer-Empresa Brasileira de Aeronautica by 32.9% in the fourth quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock valued at $58,000 after buying an additional 389 shares during the last quarter. 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 increased its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after acquiring an additional 454 shares during the last quarter. Truist Financial Corp raised its position in shares of Embraer-Empresa Brasileira de Aeronautica by 8.1% during the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 470 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of 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 acquiring an additional 566 shares in the last quarter. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. The Goldman Sachs Group boosted their target price 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 lifted their price target for the company from $45.00 to $57.00 in a report on Wednesday, June 4th. UBS Group reiterated a "sell" rating and set a $39.00 price objective (up previously from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research note on Thursday, April 24th. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Embraer-Empresa Brasileira de Aeronautica currently has a consensus rating of "Moderate Buy" and an average price target of $50.40.

Embraer-Empresa Brasileira de Aeronautica Stock Performance

NYSE:ERJ traded up $2.29 during mid-day trading on Tuesday, hitting $59.20. The stock had a trading volume of 1,794,571 shares, compared to its average volume of 1,490,271. 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 company has a 50 day simple moving average of $48.89 and a 200-day simple moving average of $45.00. The stock has a market capitalization of $10.87 billion, a price-to-earnings ratio of 27.41 and a beta of 1.72. Embraer-Empresa Brasileira de Aeronautica has a 52 week low of $25.24 and a 52 week high of $59.83.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last announced its quarterly 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.17 billion. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. Embraer-Empresa Brasileira de Aeronautica's revenue was up 23.0% compared to the same quarter last year. During the same quarter last year, the business earned ($0.48) earnings per share. On average, research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

The firm also recently announced a -- dividend, which was paid on Monday, June 2nd. Shareholders of record on Friday, May 16th were paid 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%.

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.