Thrivent Financial for Lutherans Buys Shares of 27,715 Embraer S.A. (NYSE:ERJ)

Thrivent Financial for Lutherans purchased a new position in shares of Embraer S.A. (NYSE:ERJ) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,715 shares of the aerospace company’s stock, valued at approximately $981,000.

Other hedge funds have also recently bought and sold shares of the company. Sunbelt Securities Inc. bought a new stake in shares of Embraer during the 2nd quarter worth $41,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Embraer in the second quarter worth about $44,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Embraer during the 2nd quarter worth about $55,000. Northwestern Mutual Wealth Management Co. grew its holdings in Embraer by 25.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,280 shares of the aerospace company’s stock valued at $59,000 after buying an additional 456 shares during the last quarter. Finally, Asset Dedication LLC bought a new position in Embraer in the 2nd quarter worth approximately $71,000. 34.65% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on ERJ shares. TD Cowen raised shares of Embraer from a “hold” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $41.00 in a research report on Wednesday, September 4th. Bank of America lifted their target price on Embraer from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, UBS Group downgraded Embraer from a “neutral” rating to a “sell” rating and raised their price objective for the stock from $29.00 to $32.00 in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.43.

Embraer Stock Down 0.7 %

Shares of NYSE:ERJ opened at $37.97 on Tuesday. The company has a market capitalization of $6.97 billion, a PE ratio of 14.07 and a beta of 1.70. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.76 and a current ratio of 1.56. The company’s fifty day moving average is $35.73 and its 200-day moving average is $32.19. Embraer S.A. has a 52 week low of $16.88 and a 52 week high of $40.34.

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.