Elbit Systems (NASDAQ:ESLT) Lowered to “Buy” Rating by StockNews.com

StockNews.com cut shares of Elbit Systems (NASDAQ:ESLT) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday.

Elbit Systems Price Performance

Shares of ESLT opened at $299.14 on Tuesday. Elbit Systems has a 12-month low of $175.30 and a 12-month high of $313.89. The business’s fifty day moving average is $286.68 and its 200 day moving average is $242.04. The company has a quick ratio of 0.64, a current ratio of 1.15 and a debt-to-equity ratio of 0.10. The stock has a market cap of $13.30 billion, a P/E ratio of 51.14 and a beta of 0.53.

Hedge Funds Weigh In On Elbit Systems

A number of large investors have recently modified their holdings of the company. Laird Norton Wetherby Wealth Management LLC lifted its holdings in shares of Elbit Systems by 2.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock worth $540,000 after purchasing an additional 60 shares in the last quarter. Blue Trust Inc. lifted its stake in Elbit Systems by 7.3% during the 4th quarter. Blue Trust Inc. now owns 987 shares of the aerospace company’s stock valued at $255,000 after acquiring an additional 67 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Elbit Systems by 1.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company’s stock valued at $1,031,000 after acquiring an additional 69 shares in the last quarter. First Trust Direct Indexing L.P. lifted its stake in Elbit Systems by 2.5% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 2,987 shares of the aerospace company’s stock valued at $598,000 after acquiring an additional 72 shares in the last quarter. Finally, Prestige Wealth Management Group LLC lifted its stake in Elbit Systems by 150.0% during the 4th quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock valued at $32,000 after acquiring an additional 75 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors.

About Elbit Systems

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.