Fox Hill Wealth Management Purchases 5,758 Shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Key Points

• Fox Hill Wealth Management increased its stake in Embraer-Empresa Brasileira de Aeronautica by 104.4% in the first quarter, now holding a total of 11,272 shares valued at approximately $521,000.
• Multiple institutional investors have also raised their positions in Embraer, with Farther Finance Advisors LLC increasing their stake by a remarkable 673.0%.
• Embraer reported a loss of $0.02 per share in its most recent earnings, which was significantly below analysts' expectations, despite achieving a revenue of $1.82 billion.

Fox Hill Wealth Management raised its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 104.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,272 shares of the aerospace company's stock after purchasing an additional 5,758 shares during the period. Fox Hill Wealth Management's holdings in Embraer-Empresa Brasileira de Aeronautica were worth $521,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ERJ. Brighton Jones LLC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter valued at about $502,000. Wells Fargo & Company MN grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 316,197 shares of the aerospace company's stock worth $11,598,000 after purchasing an additional 3,882 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 10.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 242,047 shares of the aerospace company's stock worth $8,878,000 after purchasing an additional 22,603 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Embraer-Empresa Brasileira de Aeronautica by 2.0% during the 4th quarter. Bank of Montreal Can now owns 41,389 shares of the aerospace company's stock worth $1,518,000 after purchasing an additional 799 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Embraer-Empresa Brasileira de Aeronautica by 17,140.6% during the 4th quarter. Invesco Ltd. now owns 1,235,635 shares of the aerospace company's stock worth $45,323,000 after buying an additional 1,228,468 shares during the period. 34.65% of the stock is owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Trading Down 3.8%

Shares of ERJ stock traded down $2.25 on Friday, reaching $57.53. 1,961,290 shares of the stock were exchanged, compared to its average volume of 2,590,066. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.33 and a quick ratio of 0.60. Embraer-Empresa Brasileira de Aeronautica has a one year low of $31.76 and a one year high of $61.65. The stock has a 50 day moving average price of $54.05 and a 200 day moving average price of $48.89. The stock has a market cap of $10.57 billion, a PE ratio of 28.06 and a beta of 1.76.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted 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). Embraer-Empresa Brasileira de Aeronautica had a net margin of 5.43% and a return on equity of 13.38%. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.67 billion. During the same period in the previous year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group raised their target price on Embraer-Empresa Brasileira de Aeronautica from $60.00 to $67.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. UBS Group lifted their price objective on Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the company a "sell" rating in a research report on Friday. Wall Street Zen downgraded Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Wolfe Research upgraded Embraer-Empresa Brasileira de Aeronautica from a "peer perform" rating to an "outperform" rating and set a $64.00 price objective for the company in a research report on Thursday, July 31st. 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $54.67.

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.