Fox Hill Wealth Management Has $202,000 Stock Holdings in Embraer S.A. (NYSE:ERJ)

Fox Hill Wealth Management decreased its holdings in shares of Embraer S.A. (NYSE:ERJ) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,514 shares of the aerospace company’s stock after selling 500 shares during the quarter. Fox Hill Wealth Management’s holdings in Embraer were worth $202,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Oppenheimer & Co. Inc. acquired a new stake in shares of Embraer during the third quarter worth $253,000. OneDigital Investment Advisors LLC acquired a new stake in shares of Embraer during the third quarter worth $252,000. Thrivent Financial for Lutherans acquired a new stake in shares of Embraer during the third quarter worth $981,000. Jennison Associates LLC lifted its holdings in shares of Embraer by 102.1% during the third quarter. Jennison Associates LLC now owns 1,331,631 shares of the aerospace company’s stock worth $47,100,000 after buying an additional 672,644 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Embraer by 153.9% during the third quarter. Advisors Asset Management Inc. now owns 15,694 shares of the aerospace company’s stock worth $555,000 after buying an additional 9,512 shares in the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

Embraer stock opened at $55.18 on Wednesday. Embraer S.A. has a 12-month low of $23.42 and a 12-month high of $55.60. The company has a quick ratio of 0.76, a current ratio of 1.56 and a debt-to-equity ratio of 0.74. The business’s 50-day moving average price is $43.83 and its two-hundred day moving average price is $38.71. The stock has a market cap of $10.13 billion, a PE ratio of 20.29 and a beta of 1.70.

Embraer (NYSE:ERJ) last released its earnings results on Thursday, February 27th. The aerospace company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.47. Embraer had a return on equity of 11.61% and a net margin of 8.24%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.21 billion. As a group, analysts expect that Embraer S.A. will post 2.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on ERJ shares. UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $29.00 to $32.00 in a report on Tuesday, November 19th. Bank of America lifted their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. The Goldman Sachs Group raised their price target on Embraer from $44.00 to $50.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. TD Cowen upgraded Embraer to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, StockNews.com cut Embraer from a “buy” rating to a “hold” rating in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Embraer currently has an average rating of “Moderate Buy” and an average price target of $43.60.

Embraer 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.