Oppenheimer & Co. Inc. Purchases New Holdings in Elbit Systems Ltd. $ESLT

Oppenheimer & Co. Inc. acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,492 shares of the aerospace company’s stock, valued at approximately $761,000.

Other institutional investors have also recently modified their holdings of the company. Y.D. More Investments Ltd increased its position in shares of Elbit Systems by 35.1% in the second quarter. Y.D. More Investments Ltd now owns 610,977 shares of the aerospace company’s stock worth $271,438,000 after purchasing an additional 158,689 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in Elbit Systems by 27.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 471,839 shares of the aerospace company’s stock valued at $210,967,000 after buying an additional 101,083 shares during the period. Invesco Ltd. raised its position in shares of Elbit Systems by 2.5% in the 2nd quarter. Invesco Ltd. now owns 337,292 shares of the aerospace company’s stock valued at $151,613,000 after buying an additional 8,310 shares in the last quarter. Heard Capital LLC lifted its holdings in shares of Elbit Systems by 1.4% during the 2nd quarter. Heard Capital LLC now owns 195,398 shares of the aerospace company’s stock worth $87,831,000 after acquiring an additional 2,627 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Elbit Systems by 226.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock worth $87,006,000 after acquiring an additional 134,300 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. raised their price objective on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Finally, Morgan Stanley began coverage on Elbit Systems in a research note on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price for the company. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Elbit Systems presently has a consensus rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Price Performance

Elbit Systems stock opened at $676.43 on Tuesday. The stock has a 50-day moving average price of $640.49 and a two-hundred day moving average price of $538.66. Elbit Systems Ltd. has a 12 month low of $294.99 and a 12 month high of $740.67. The company has a market capitalization of $30.07 billion, a PE ratio of 68.74, a P/E/G ratio of 2.05 and a beta of 0.22. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.60. The company had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%. Analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.