Thurston Springer Miller Herd & Titak Inc. Makes New $44,000 Investment in Embraer S.A. (NYSE:ERJ)

Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Embraer S.A. (NYSE:ERJ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,724 shares of the aerospace company’s stock, valued at approximately $44,000.

Other institutional investors have also recently made changes to their positions in the company. Advisors Preferred LLC purchased a new stake in Embraer during the fourth quarter worth $28,000. Beverly Hills Private Wealth LLC boosted its position in Embraer by 32.3% during the fourth quarter. Beverly Hills Private Wealth LLC now owns 17,825 shares of the aerospace company’s stock valued at $329,000 after purchasing an additional 4,348 shares in the last quarter. National Wealth Management Group LLC bought a new stake in Embraer during the fourth quarter valued at about $223,000. U.S. Capital Wealth Advisors LLC purchased a new position in Embraer in the fourth quarter valued at about $221,000. Finally, BNP Paribas Financial Markets raised its holdings in Embraer by 40.2% in the fourth quarter. BNP Paribas Financial Markets now owns 147,185 shares of the aerospace company’s stock worth $2,716,000 after purchasing an additional 42,190 shares in the last quarter. Hedge funds and other institutional investors own 34.65% of the company’s stock.

Embraer Stock Performance

NYSE:ERJ traded up $0.08 during trading hours on Wednesday, hitting $27.33. 157,446 shares of the company were exchanged, compared to its average volume of 1,693,354. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.51 and a quick ratio of 0.71. Embraer S.A. has a 52-week low of $12.48 and a 52-week high of $31.40. The stock has a market capitalization of $5.02 billion, a price-to-earnings ratio of 18.91 and a beta of 1.71. The company’s 50 day moving average price is $28.27 and its 200-day moving average price is $25.06.

Embraer (NYSE:ERJ) last announced its quarterly earnings data on Tuesday, May 7th. The aerospace company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.05. The firm had revenue of $896.60 million for the quarter, compared to analyst estimates of $883.92 million. Embraer had a net margin of 4.84% and a return on equity of 5.35%. As a group, research analysts forecast that Embraer S.A. will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ERJ shares. UBS Group lifted their price objective on shares of Embraer from $28.50 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. StockNews.com lowered shares of Embraer from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.83.

Embraer 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.