Several other institutional investors have also modified their holdings of ESLT. JPMorgan Chase & Co. increased its position in shares of Elbit Systems by 84.1% in the first quarter. JPMorgan Chase & Co. now owns 39,979 shares of the aerospace company’s stock valued at $4,544,000 after buying an additional 18,258 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Elbit Systems during the fourth quarter valued at about $314,000. Bartlett & Co. LLC acquired a new position in shares of Elbit Systems during the first quarter valued at about $114,000. FMR LLC increased its position in shares of Elbit Systems by 63.3% in the first quarter. FMR LLC now owns 1,267,127 shares of the aerospace company’s stock valued at $144,347,000 after buying an additional 491,263 shares in the last quarter. Finally, Advisors Asset Management Inc. increased its position in shares of Elbit Systems by 12.8% in the first quarter. Advisors Asset Management Inc. now owns 27,224 shares of the aerospace company’s stock valued at $3,094,000 after buying an additional 3,097 shares in the last quarter. Institutional investors and hedge funds own 10.84% of the company’s stock.
Cardinal Capital Management raised its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 9.4% during the second quarter, Holdings Channel reports. The institutional investor owned 14,063 shares of the aerospace company’s stock after buying an additional 1,203 shares during the period. Cardinal Capital Management’s holdings in Elbit Systems were worth $1,740,000 as of its most recent filing with the SEC.
Elbit Systems Ltd. (NASDAQ:ESLT) opened at 126.14 on Wednesday. The stock’s 50 day moving average price is $124.87 and its 200 day moving average price is $118.96. The firm has a market capitalization of $5.39 billion, a P/E ratio of 23.42 and a beta of 0.62. Elbit Systems Ltd. has a 12 month low of $91.20 and a 12 month high of $127.97.
Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share for the quarter. The company had revenue of $749.19 million during the quarter. Elbit Systems had a net margin of 7.00% and a return on equity of 16.45%. On average, analysts forecast that Elbit Systems Ltd. will post $6.20 earnings per share for the current year.
Several equities analysts have recently issued reports on ESLT shares. BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Chardan Capital started coverage on Elbit Systems in a research report on Friday, May 5th. They set a “neutral” rating and a $110.00 price objective for the company.
Elbit Systems Company Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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