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

StockNews.com lowered shares of Elbit Systems (NASDAQ:ESLT) from a strong-buy rating to a buy rating in a report published on Tuesday.

Elbit Systems Stock Performance

NASDAQ ESLT opened at $305.74 on Tuesday. The company has a fifty day moving average of $288.52 and a two-hundred day moving average of $242.91. The company has a market capitalization of $13.59 billion, a PE ratio of 52.26 and a beta of 0.53. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $313.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.15 and a quick ratio of 0.64.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Elbit Systems by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 874,352 shares of the aerospace company’s stock valued at $229,268,000 after acquiring an additional 10,215 shares during the period. Y.D. More Investments Ltd raised its position in Elbit Systems by 10.1% in 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. boosted its stake 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 during the period. Meitav Investment House Ltd. grew its position in Elbit Systems by 41.3% during the 3rd 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 increased its stake in Elbit Systems by 177.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 227,102 shares of the aerospace company’s stock valued at $59,207,000 after purchasing an additional 145,324 shares during the period. 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.