Johnson Investment Counsel Inc. Lowers Stock Holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Johnson Investment Counsel Inc. reduced its position in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 19.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,105 shares of the aerospace company's stock after selling 4,895 shares during the period. Johnson Investment Counsel Inc.'s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Lindbrook Capital LLC boosted 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 purchasing an additional 389 shares during the period. US Bancorp DE boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 13.4% in the fourth quarter. US Bancorp DE now owns 3,336 shares of the aerospace company's stock valued at $122,000 after purchasing an additional 395 shares during the period. Townsquare Capital LLC boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 1.7% in the fourth quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company's stock valued at $971,000 after purchasing an additional 454 shares during the period. Truist Financial Corp boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 8.1% in the fourth quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company's stock valued at $231,000 after purchasing an additional 470 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Embraer-Empresa Brasileira de Aeronautica by 0.8% in the fourth quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company's stock valued at $2,780,000 after purchasing an additional 566 shares during the period. 34.65% of the stock is currently owned by hedge funds and other institutional investors.

Embraer-Empresa Brasileira de Aeronautica Stock Down 1.2%

Embraer-Empresa Brasileira de Aeronautica stock opened at $52.54 on Friday. Embraer-Empresa Brasileira de Aeronautica has a fifty-two week low of $25.24 and a fifty-two week high of $56.61. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32. The company has a market capitalization of $9.65 billion, a P/E ratio of 24.32 and a beta of 1.68. The stock has a 50-day simple moving average of $47.24 and a 200-day simple moving average of $44.14.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last posted its earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a return on equity of 16.43% and a net margin of 6.02%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned ($0.48) EPS. The business's quarterly revenue was up 23.0% on a year-over-year basis. Equities research analysts expect that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The company also recently announced a -- dividend, which was paid on Monday, June 2nd. Stockholders of record on Friday, May 16th were issued a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica's payout ratio is currently 2.31%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ERJ. HSBC upgraded Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "buy" rating and lifted their target price for the company 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 from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Thursday, April 24th. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. The Goldman Sachs Group lifted their price target on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a "buy" rating in a report on Monday, May 12th. Finally, Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $50.40.

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.

Want to see what other hedge funds are holding ERJ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report).

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.