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

Johnson Investment Counsel Inc. reduced its stake in shares of Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Free Report) by 19.6% during the 1st quarter, according to its most recent filing with the SEC. 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Jones Financial Companies Lllp acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the 4th quarter valued at $28,000. SPX Gestao de Recursos Ltda purchased a new position in Embraer-Empresa Brasileira de Aeronautica in the fourth quarter valued at $37,000. Colonial Trust Co SC acquired a new position in shares of Embraer-Empresa Brasileira de Aeronautica in the fourth quarter worth about $42,000. Lindbrook Capital LLC boosted its stake in shares of Embraer-Empresa Brasileira de Aeronautica by 32.9% during the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company's stock worth $58,000 after acquiring an additional 389 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of Embraer-Empresa Brasileira de Aeronautica during the 4th quarter worth about $71,000. Hedge funds and other institutional investors own 34.65% of the company's stock.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of NYSE ERJ traded down $0.35 during mid-day trading on Wednesday, reaching $52.88. The company's stock had a trading volume of 1,339,845 shares, compared to its average volume of 1,497,960. The stock has a market capitalization of $9.71 billion, a P/E ratio of 24.48 and a beta of 1.68. Embraer-Empresa Brasileira de Aeronautica has a 1-year low of $25.24 and a 1-year high of $56.61. The stock has a 50-day moving average of $47.63 and a two-hundred day moving average of $44.35. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.59 and a current ratio of 1.32.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The aerospace company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.19. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 23.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.48) EPS. On average, equities research analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica Announces Dividend

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

Analyst Ratings Changes

ERJ has been the subject of a number of analyst reports. Wolfe Research reaffirmed a "peer perform" rating on shares of Embraer-Empresa Brasileira de Aeronautica in a report on Monday, March 24th. Hsbc Global Res raised Embraer-Empresa Brasileira de Aeronautica from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group increased their target price on Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the company a "buy" rating in a research report 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 research note on Wednesday, June 4th. Finally, Wall Street Zen downgraded shares of Embraer-Empresa Brasileira de Aeronautica from a "buy" rating to a "hold" rating in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Embraer-Empresa Brasileira de Aeronautica presently has a consensus rating of "Moderate Buy" and an average target price of $50.40.

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.