Elbit Systems Ltd. $ESLT Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 26.7% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 65,222 shares of the aerospace company’s stock after acquiring an additional 13,757 shares during the quarter. Russell Investments Group Ltd.’s holdings in Elbit Systems were worth $33,110,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. USA Financial Formulas acquired a new stake in shares of Elbit Systems during the third quarter worth about $26,000. Traub Capital Management LLC purchased a new position in Elbit Systems during the 2nd quarter worth approximately $31,000. Financial Consulate Inc. purchased a new position in Elbit Systems during the 3rd quarter worth approximately $60,000. Montag A & Associates Inc. acquired a new stake in Elbit Systems during the 2nd quarter valued at approximately $68,000. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Elbit Systems by 20.9% in the 2nd quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after acquiring an additional 32 shares during the last quarter. 17.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ESLT. Morgan Stanley started coverage on shares of Elbit Systems in a research report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price for the company. JPMorgan Chase & Co. upped their target price on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research note on Friday, December 19th. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Elbit Systems presently has a consensus rating of “Hold” and an average price target of $550.33.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $881.17 on Thursday. The company has a market capitalization of $39.17 billion, a P/E ratio of 89.55, a P/E/G ratio of 2.66 and a beta of 0.22. The business’s 50 day moving average is $727.58 and its two-hundred day moving average is $578.78. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a 12-month low of $349.62 and a 12-month high of $960.00.

About Elbit Systems

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.