North Point Portfolio Managers Corpoh Lowers stake in Esterline Technologies Corporation (ESL)

Esterline Technologies Corporation (ESL) : North Point Portfolio Managers Corpoh reduced its stake in Esterline Technologies Corporation by 3.15% during the most recent quarter end. The investment management company now holds a total of 152,091 shares of Esterline Technologies Corporation which is valued at $9,578,691 after selling 4,942 shares in Esterline Technologies Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Esterline Technologies Corporation makes up approximately 1.83% of North Point Portfolio Managers Corpoh’s portfolio.

Other Hedge Funds, Including , Strs Ohio boosted its stake in ESL in the latest quarter, The investment management firm added 6,600 additional shares and now holds a total of 12,000 shares of Esterline Technologies Corporation which is valued at $755,760.Gemmer Asset Management boosted its stake in ESL in the latest quarter, The investment management firm added 15 additional shares and now holds a total of 97 shares of Esterline Technologies Corporation which is valued at $6,085. Checchi Capital Advisers sold out all of its stake in ESL during the most recent quarter. The investment firm sold 265 shares of ESL which is valued $16,623. Curian Capital sold out all of its stake in ESL during the most recent quarter. The investment firm sold 6,717 shares of ESL which is valued $416,320.

Esterline Technologies Corporation closed down -0.37 points or -0.60% at $60.83 with 2,91,791 shares getting traded on Friday. Post opening the session at $61, the shares hit an intraday low of $59.64 and an intraday high of $61.31 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Esterline Technologies Corporation reported $0.92 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on May 5, 2016. Analyst had a consensus of $0.97. The company had revenue of $490.30 million for the quarter, compared to analysts expectations of $466.11 million. The company’s revenue was up 4.7% compared to the same quarter last year.

Esterline Technologies Corporation is a specialized manufacturing company. The Company designs manufactures and markets engineered products and systems for application in the industries. The Company is focused on serving aerospace and defense customers. The Company’s products are used in military and commercial aircraft helicopters and land-based systems. Its products are used in the active and in-production United States military aircraft and Boeing commercial aircraft platform. In addition its products are supplied to regional and business jet manufacturers and aircraft engine manufacturers. The Company conducts its business in three segments: Avionics & Controls Sensors & Systems and Advanced Materials.

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