Montag A & Associates Inc. Purchases New Shares in Elbit Systems Ltd. $ESLT

Montag A & Associates Inc. acquired a new position in Elbit Systems Ltd. (NASDAQ:ESLT) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 151 shares of the aerospace company’s stock, valued at approximately $68,000.

Other hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in shares of Elbit Systems by 7.2% during the first quarter. Envestnet Asset Management Inc. now owns 4,037 shares of the aerospace company’s stock valued at $1,548,000 after acquiring an additional 272 shares during the last quarter. Cerity Partners LLC increased its position in shares of Elbit Systems by 47.7% during the 1st quarter. Cerity Partners LLC now owns 5,646 shares of the aerospace company’s stock valued at $2,166,000 after purchasing an additional 1,823 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Elbit Systems during the 1st quarter worth $220,000. Signaturefd LLC raised its stake in shares of Elbit Systems by 13.0% during the 1st quarter. Signaturefd LLC now owns 1,400 shares of the aerospace company’s stock worth $537,000 after purchasing an additional 161 shares during the period. Finally, SBI Securities Co. Ltd. grew its position in Elbit Systems by 232.6% during the first quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company’s stock valued at $59,000 after buying an additional 107 shares during the period. Institutional investors own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. JPMorgan Chase & Co. started coverage on shares of Elbit Systems in a research report on Tuesday, September 30th. They issued a “neutral” rating and a $520.00 price objective on the stock. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Bank of America upped their price objective on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “hold (c)” rating on shares of Elbit Systems in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 14th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $530.00.

Elbit Systems Stock Down 2.4%

Elbit Systems stock opened at $471.59 on Friday. The firm has a 50 day simple moving average of $492.90 and a 200 day simple moving average of $455.45. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 1-year low of $234.48 and a 1-year high of $529.99. The firm has a market capitalization of $20.96 billion, a price-to-earnings ratio of 53.53, a P/E/G ratio of 1.74 and a beta of 0.30.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $2.57 by $0.66. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company earned $2.08 earnings per share. On average, analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.