Spire Wealth Management Raises Position in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ)

Spire Wealth Management raised its holdings in Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) by 1,899.3% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,254 shares of the aerospace company’s stock after buying an additional 16,391 shares during the period. Spire Wealth Management’s holdings in Embraer-Empresa Brasileira de Aeronautica were worth $797,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lindbrook Capital LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 32.9% in the 4th quarter. Lindbrook Capital LLC now owns 1,572 shares of the aerospace company’s stock valued at $58,000 after buying an additional 389 shares during the period. US Bancorp DE boosted its position in Embraer-Empresa Brasileira de Aeronautica by 13.4% in the 4th quarter. US Bancorp DE now owns 3,336 shares of the aerospace company’s stock valued at $122,000 after buying an additional 395 shares during the period. Townsquare Capital LLC boosted its position in Embraer-Empresa Brasileira de Aeronautica by 1.7% in the 4th quarter. Townsquare Capital LLC now owns 26,461 shares of the aerospace company’s stock valued at $971,000 after buying an additional 454 shares during the period. Truist Financial Corp boosted its position in Embraer-Empresa Brasileira de Aeronautica by 8.1% in the 4th quarter. Truist Financial Corp now owns 6,298 shares of the aerospace company’s stock valued at $231,000 after buying an additional 470 shares during the period. Finally, Stifel Financial Corp boosted its position in Embraer-Empresa Brasileira de Aeronautica by 0.8% in the 4th quarter. Stifel Financial Corp now owns 75,785 shares of the aerospace company’s stock valued at $2,780,000 after buying an additional 566 shares during the period. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Analysts Set New Price Targets

ERJ has been the subject of several recent research reports. Hsbc Global Res raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lifted their price objective on shares of Embraer-Empresa Brasileira de Aeronautica from $54.00 to $60.00 and gave the stock a “buy” rating in a research report on Monday, May 12th. UBS Group reaffirmed a “sell” rating and set a $39.00 price objective (up from $35.00) on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Thursday, April 24th. Wolfe Research reaffirmed a “peer perform” rating on shares of Embraer-Empresa Brasileira de Aeronautica in a research report on Monday, March 24th. Finally, HSBC raised shares of Embraer-Empresa Brasileira de Aeronautica from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $57.00 in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.40.

Embraer-Empresa Brasileira de Aeronautica Price Performance

Shares of ERJ opened at $54.97 on Friday. 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 market cap of $10.10 billion, a PE ratio of 25.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.32 and a quick ratio of 0.59. The firm has a fifty day moving average price of $48.27 and a 200 day moving average price of $44.65.

Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) last announced its quarterly earnings results on Tuesday, May 6th. The aerospace company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.19. Embraer-Empresa Brasileira de Aeronautica had a net margin of 6.02% and a return on equity of 16.43%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company earned ($0.48) earnings per share. Embraer-Empresa Brasileira de Aeronautica’s quarterly revenue was up 23.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Embraer-Empresa Brasileira de Aeronautica will post 2.04 EPS for the current year.

Embraer-Empresa Brasileira de Aeronautica Dividend Announcement

The business also recently declared a — dividend, which was paid on Monday, June 2nd. Investors of record on Friday, May 16th were given a $0.049 dividend. The ex-dividend date was Friday, May 16th. Embraer-Empresa Brasileira de Aeronautica’s dividend payout ratio (DPR) is presently 2.31%.

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.