Elbit Systems Ltd. $ESLT Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd increased its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 610,977 shares of the aerospace company’s stock after acquiring an additional 158,689 shares during the quarter. Elbit Systems comprises 18.6% of Y.D. More Investments Ltd’s portfolio, making the stock its biggest holding. Y.D. More Investments Ltd owned 1.37% of Elbit Systems worth $271,438,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management bought a new position in Elbit Systems in the 2nd quarter worth $28,000. Larson Financial Group LLC bought a new position in Elbit Systems in the first quarter valued at about $29,000. Montag A & Associates Inc. purchased a new position in shares of Elbit Systems during the 2nd quarter worth $68,000. SBI Securities Co. Ltd. grew its stake in shares of Elbit Systems by 232.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 107 shares during the period. Finally, SVB Wealth LLC bought a new stake in Elbit Systems during the first quarter valued at about $77,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

NASDAQ:ESLT opened at $473.03 on Friday. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm’s fifty day simple moving average is $492.72 and its 200 day simple moving average is $456.53. The stock has a market cap of $21.03 billion, a P/E ratio of 53.69, a price-to-earnings-growth ratio of 1.74 and a beta of 0.30. Elbit Systems Ltd. has a twelve month low of $234.48 and a twelve month high of $529.99.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ESLT. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Bank of America increased their target price on shares of Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Elbit Systems in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. initiated coverage on Elbit Systems in a research note on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price target on the stock. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $530.00.

Elbit Systems Company 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.