2015 All-America Research Team: Aerospace & Defense Electronics, No. 1: Ronald Epstein
Institutional Investor Research is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

2015 All-America Research Team: Aerospace & Defense Electronics, No. 1: Ronald Epstein

2015-10-tom-johnson-res-all-america-research-team-ronald-epstein.jpg

In his seventh appearance on this lineup, Ronald Epstein of Bank of America Merrill Lynch claims his first top finish, vaulting from the No. 3 spot he held the past two years.

< The 2015 All-America Research Team

2015-10-tom-johnson-res-all-america-research-team-ronald-epstein.jpg

Ronald Epstein

Bank of America

Merrill Lynch

First-Place Appearances: 1


Total Appearances: 7


Analyst Debut: 2009


In his seventh appearance on this lineup, Ronald Epstein of Bank of America Merrill Lynch claims his first top finish, vaulting from the No. 3 spot he held the past two years. With 33 stocks under coverage, the researcher “is always traveling, immersing himself in the industry to the point where I don’t know when he sleeps,” one client marvels. Another fund manager declares that ”Ron is an independent thinker.” Epstein has of late turned bearish on several names. For example, in June 2014 he lowered his rating on Berwyn, Pennsylvania–based aircraft-components producer Triumph Group from neutral to underperform, citing overcapacity and capital concerns. Sure enough, by the middle of last month, the stock had plummeted 33.4 percent, to $47.32, while U.S. aerospace and defense electronics shares overall rose 1.3 percent. More dramatically, he slashed his position on Stamford, Connecticut’s Crane Co. from buy to underperform in March. The manufacturer of airplane sensing and control systems faces earnings challenges from soft end markets, the analyst advises. Down 25.1 percent through mid-September, at $49.96, the stock has lagged its peers by 17.1 percentage points. Epstein, 48, joined Merrill Lynch in July 2001, immediately after receiving an MBA in finance from the Wharton School of the University of Pennsylvania. He also holds a bachelor’s degree in mathematics from New York’s Skidmore College and a master’s degree and Ph.D. in mechanical engineering from Duke University in North Carolina. Before he became an equity analyst, Epstein worked as a research scientist at Chicago-based Boeing Co., the world’s largest aerospace company.



Gift this article