Creative Planning purchased a new position in shares of Elbit Systems Ltd (NASDAQ:ESLT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,324 shares of the aerospace company’s stock, valued at approximately $205,000.
Several other institutional investors have also modified their holdings of ESLT. Phoenix Holdings Ltd. purchased a new position in shares of Elbit Systems during the 3rd quarter worth $12,892,000. Bfsg LLC purchased a new position in shares of Elbit Systems during the 3rd quarter worth $4,047,000. Fisher Asset Management LLC purchased a new position in shares of Elbit Systems during the 3rd quarter worth $2,400,000. Parametric Portfolio Associates LLC lifted its stake in shares of Elbit Systems by 6.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 78,846 shares of the aerospace company’s stock worth $12,991,000 after purchasing an additional 4,649 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Elbit Systems by 11.7% during the 2nd quarter. Morgan Stanley now owns 20,623 shares of the aerospace company’s stock worth $3,084,000 after purchasing an additional 2,154 shares during the period. 8.71% of the stock is currently owned by institutional investors.
A number of research analysts have weighed in on ESLT shares. ValuEngine raised Elbit Systems from a “sell” rating to a “hold” rating in a research note on Thursday, February 6th. BidaskClub raised Elbit Systems from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 30th. Finally, Jefferies Financial Group started coverage on Elbit Systems in a research note on Monday, January 27th. They set a “buy” rating and a $185.00 price target on the stock.
Shares of Elbit Systems stock opened at $157.94 on Friday. Elbit Systems Ltd has a fifty-two week low of $125.26 and a fifty-two week high of $167.75. The firm has a market cap of $6.72 billion, a PE ratio of 25.19 and a beta of 0.87. The business’s fifty day moving average is $156.57 and its two-hundred day moving average is $160.28. The company has a quick ratio of 0.72, a current ratio of 1.16 and a debt-to-equity ratio of 0.37.
Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, November 26th. The aerospace company reported $1.33 earnings per share for the quarter. Elbit Systems had a return on equity of 13.41% and a net margin of 4.16%. The company had revenue of $1.10 billion for the quarter. Equities research analysts anticipate that Elbit Systems Ltd will post 6.55 EPS for the current year.
About Elbit Systems
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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