151 Shares in Elbit Systems Ltd. $ESLT Bought by Montag A & Associates Inc.

Montag A & Associates Inc. purchased a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the second quarter, Holdings Channel reports. The firm purchased 151 shares of the aerospace company’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors 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 1st quarter. Envestnet Asset Management Inc. now owns 4,037 shares of the aerospace company’s stock valued at $1,548,000 after purchasing an additional 272 shares during the last quarter. Cerity Partners LLC grew its position in Elbit Systems by 47.7% during the first quarter. Cerity Partners LLC now owns 5,646 shares of the aerospace company’s stock valued at $2,166,000 after acquiring an additional 1,823 shares during the last quarter. Ballentine Partners LLC purchased a new position in shares of Elbit Systems during the first quarter worth approximately $220,000. Signaturefd LLC lifted its holdings in shares of Elbit Systems by 13.0% in the 1st quarter. Signaturefd LLC now owns 1,400 shares of the aerospace company’s stock worth $537,000 after acquiring an additional 161 shares during the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of Elbit Systems by 232.6% in the 1st quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company’s stock valued at $59,000 after purchasing an additional 107 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ESLT has been the topic of a number of analyst reports. 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 target price on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Elbit Systems in a report on Wednesday, October 8th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, October 25th. Bank of America raised their price target on Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Finally, Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $530.00.

Elbit Systems Stock Down 2.4%

NASDAQ ESLT opened at $471.59 on Friday. Elbit Systems Ltd. has a 1 year low of $234.48 and a 1 year high of $529.99. The stock has a market capitalization of $20.96 billion, a PE ratio of 53.53, a PEG ratio of 1.74 and a beta of 0.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. The business’s 50-day moving average is $492.90 and its 200 day moving average is $455.45.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.66. The business had revenue of $1.97 billion during 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 quarter in the prior year, the company posted $2.08 EPS. Sell-side analysts forecast 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.