Castlemoore senior portfolio manager Jeff Parent said he continues to hold ESCO Technologies (ESCO Technologies Stock Quote, Chart, News, Analysts, Financials NYSE:ESE) after a strong run in the shares.
Speaking on BNN Bloomberg Market Call on March 23, Parent revisited the stock as a past pick from June 20, 2025, when it traded at US$181.45. The shares have since climbed to US$269.57, representing a return of about 49%.
Parent said ESCO has evolved from a business with heavier military exposure into a more diversified engineering company, though defence still accounts for about 25% of revenue.
He described the company as having delivered a strong operating trend alongside positive technical momentum.
“It’s an engineering company, but a very interesting chart, really good sequential earnings reports,” Parent said.
He added that the name is one of his larger holdings, with an average cost base of about US$196 per share, and said both he and his clients continue to own the stock.
ESCO shares have gained 180.4% over the past 36 months.
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