National Wealth Management Group LLC Acquires New Shares in Embraer S.A. (NYSE:ERJ)

National Wealth Management Group LLC bought a new stake in Embraer S.A. (NYSE:ERJ) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 12,061 shares of the aerospace company’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ritholtz Wealth Management acquired a new position in shares of Embraer in the 3rd quarter worth approximately $167,000. Deltec Asset Management LLC grew its position in Embraer by 4.6% in the third quarter. Deltec Asset Management LLC now owns 226,300 shares of the aerospace company’s stock worth $3,105,000 after buying an additional 10,000 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Embraer by 19.8% during the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,390 shares of the aerospace company’s stock worth $73,000 after acquiring an additional 890 shares in the last quarter. Allworth Financial LP acquired a new position in shares of Embraer in the 3rd quarter worth $26,000. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Embraer by 63.2% during the third quarter. Daiwa Securities Group Inc. now owns 31,000 shares of the aerospace company’s stock valued at $425,000 after purchasing an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 34.65% of the company’s stock.

Embraer Stock Performance

ERJ stock traded up $0.39 during mid-day trading on Tuesday, hitting $24.59. The stock had a trading volume of 855,811 shares, compared to its average volume of 1,557,617. Embraer S.A. has a 1-year low of $12.48 and a 1-year high of $27.25. The company has a fifty day moving average of $22.80 and a 200 day moving average of $18.92. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.93 and a current ratio of 1.65.

Embraer (NYSE:ERJ) last released its quarterly earnings data on Monday, March 18th. The aerospace company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.15. The firm had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $2.21 billion. Embraer had a return on equity of 2.80% and a net margin of 3.11%. As a group, sell-side analysts expect that Embraer S.A. will post 1.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Embraer from $21.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, March 22nd. Morgan Stanley boosted their target price on shares of Embraer from $19.50 to $40.00 and gave the company an “overweight” rating in a research note on Thursday, March 14th. HSBC downgraded Embraer from a “buy” rating to a “hold” rating and lifted their price target for the company from $18.00 to $19.00 in a report on Tuesday, February 6th. JPMorgan Chase & Co. raised their price objective on Embraer from $21.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, March 22nd. Finally, StockNews.com upgraded Embraer from a “hold” rating to a “buy” rating in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.75.

About Embraer

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.