Embraer-Empresa Brasileira de Aeronautica $ERJ Shares Sold by Spire Wealth Management

Spire Wealth Management trimmed its stake in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 97.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 511 shares of the aerospace company’s stock after selling 16,743 shares during the quarter. Spire Wealth Management’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $29,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ERJ. WPG Advisers LLC bought a new position in Embraer-Empresa Brasileira de Aeronautica in the 1st quarter worth about $25,000. Jones Financial Companies Lllp grew its holdings in Embraer-Empresa Brasileira de Aeronautica by 98.2% in the 1st quarter. Jones Financial Companies Lllp now owns 1,508 shares of the aerospace company’s stock worth $70,000 after buying an additional 747 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in Embraer-Empresa Brasileira de Aeronautica by 241.6% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,766 shares of the aerospace company’s stock valued at $82,000 after acquiring an additional 1,249 shares during the period. PNC Financial Services Group Inc. raised its stake in Embraer-Empresa Brasileira de Aeronautica by 47.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,802 shares of the aerospace company’s stock valued at $176,000 after acquiring an additional 1,216 shares in the last quarter. Finally, US Bancorp DE boosted its position in Embraer-Empresa Brasileira de Aeronautica by 19.4% during the 1st quarter. US Bancorp DE now owns 3,984 shares of the aerospace company’s stock worth $184,000 after acquiring an additional 648 shares during the period. 34.65% of the stock is currently owned by institutional investors.

Embraer-Empresa Brasileira de Aeronautica Price Performance

NYSE ERJ opened at $65.18 on Friday. Embraer-Empresa Brasileira de Aeronautica has a 1 year low of $33.06 and a 1 year high of $67.44. The business’s fifty day moving average is $60.26 and its two-hundred day moving average is $54.62. The stock has a market capitalization of $11.97 billion, a P/E ratio of 31.79, a P/E/G ratio of 6.09 and a beta of 1.82. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.60 and a current ratio of 1.33.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last released its quarterly earnings data on Tuesday, November 4th. The aerospace company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.37). Embraer-Empresa Brasileira de Aeronautica had a return on equity of 13.38% and a net margin of 5.43%. Embraer-Empresa Brasileira de Aeronautica has set its FY 2025 guidance at EPS. On average, research analysts forecast that Embraer-Empresa Brasileira de Aeronautica will post 2.04 earnings per share for the current fiscal year.

Embraer-Empresa Brasileira de Aeronautica announced that its board has initiated a stock buyback program on Thursday, November 6th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the aerospace company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

ERJ has been the topic of a number of research analyst reports. Wolfe Research raised Embraer-Empresa Brasileira de Aeronautica from a “peer perform” rating to an “outperform” rating and set a $64.00 price target on the stock in a report on Thursday, July 31st. Weiss Ratings reiterated a “hold (c+)” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Embraer-Empresa Brasileira de Aeronautica from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group boosted their price target on shares of Embraer-Empresa Brasileira de Aeronautica from $39.00 to $44.00 and gave the stock a “sell” rating in a research report on Friday, August 15th. Finally, Bank of America increased their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $55.00 to $65.00 and gave the company a “buy” rating in a report on Thursday, September 11th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $61.17.

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.