Elbit Systems Ltd. $ESLT is Y.D. More Investments Ltd’s Largest Position

Y.D. More Investments Ltd decreased its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 600,036 shares of the aerospace company’s stock after selling 10,941 shares during the period. Elbit Systems comprises 17.1% of Y.D. More Investments Ltd’s portfolio, making the stock its largest holding. Y.D. More Investments Ltd owned 1.35% of Elbit Systems worth $304,380,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ESLT. Assetmark Inc. boosted its stake in shares of Elbit Systems by 11.2% during the 2nd quarter. Assetmark Inc. now owns 209 shares of the aerospace company’s stock worth $94,000 after purchasing an additional 21 shares during the last quarter. SteelPeak Wealth LLC grew its position in Elbit Systems by 1.1% in the third quarter. SteelPeak Wealth LLC now owns 1,864 shares of the aerospace company’s stock valued at $950,000 after acquiring an additional 21 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Elbit Systems by 2.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,193 shares of the aerospace company’s stock worth $608,000 after purchasing an additional 29 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Elbit Systems by 20.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after purchasing an additional 32 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of Elbit Systems by 24.4% in the 3rd quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock valued at $97,000 after purchasing an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analyst Ratings Changes

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

Elbit Systems Trading Up 0.5%

Shares of NASDAQ:ESLT traded up $3.86 during midday trading on Friday, reaching $734.17. The company had a trading volume of 15,787 shares, compared to its average volume of 127,143. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.76 and a current ratio of 1.32. The firm has a market cap of $32.63 billion, a price-to-earnings ratio of 74.18, a price-to-earnings-growth ratio of 2.15 and a beta of 0.22. Elbit Systems Ltd. has a 1-year low of $294.99 and a 1-year high of $741.79. The company has a fifty day simple moving average of $652.92 and a two-hundred day simple moving average of $542.77.

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

Elbit Systems 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.