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

Elbit Systems (NASDAQ:ESLT) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.

Elbit Systems Stock Up 0.5 %

ESLT traded up $1.58 during trading on Tuesday, reaching $299.14. 22,429 shares of the stock were exchanged, compared to its average volume of 34,609. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.64 and a current ratio of 1.15. The stock’s 50 day moving average price is $286.68 and its two-hundred day moving average price is $242.04. Elbit Systems has a twelve month low of $175.30 and a twelve month high of $313.89. 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

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Elbit Systems by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock worth $229,268,000 after buying an additional 10,215 shares during the period. Y.D. More Investments Ltd boosted its stake in Elbit Systems by 10.1% during the 4th quarter. Y.D. More Investments Ltd now owns 449,747 shares of the aerospace company’s stock valued at $117,520,000 after purchasing an additional 41,401 shares during the last quarter. Invesco Ltd. increased its holdings in Elbit Systems by 13.1% during the 4th quarter. Invesco Ltd. now owns 338,256 shares of the aerospace company’s stock worth $87,294,000 after purchasing an additional 39,095 shares in the last quarter. Meitav Investment House Ltd. raised its stake in shares of Elbit Systems by 41.3% in the third quarter. Meitav Investment House Ltd. now owns 336,836 shares of the aerospace company’s stock worth $67,264,000 after purchasing an additional 98,440 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in Elbit Systems by 177.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock valued at $59,207,000 after buying an additional 145,324 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

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.