Elbit Systems (NASDAQ:ESLT) Downgraded by StockNews.com

Elbit Systems (NASDAQ:ESLT) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Thursday.

Elbit Systems Price Performance

NASDAQ ESLT traded up $1.22 on Thursday, reaching $184.00. The company had a trading volume of 17,987 shares, compared to its average volume of 42,057. The stock has a market capitalization of $8.18 billion, a PE ratio of 36.22 and a beta of 0.53. Elbit Systems has a 12 month low of $175.30 and a 12 month high of $225.64. The company has a quick ratio of 0.66, a current ratio of 1.16 and a debt-to-equity ratio of 0.12. The firm’s 50 day moving average price is $191.22 and its 200 day moving average price is $201.89.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.81 earnings per share for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.49 billion. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. During the same quarter last year, the business posted $1.70 earnings per share. As a group, equities analysts predict that Elbit Systems will post 7.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in Elbit Systems by 56.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 84 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Elbit Systems by 61.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 272 shares of the aerospace company’s stock valued at $58,000 after buying an additional 104 shares in the last quarter. Janiczek Wealth Management LLC lifted its holdings in shares of Elbit Systems by 53.8% in the 1st quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock valued at $86,000 after acquiring an additional 143 shares during the last quarter. Lee Financial Co purchased a new position in Elbit Systems in the fourth quarter worth about $107,000. Finally, Parallel Advisors LLC increased its stake in Elbit Systems by 21.2% during the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 94 shares during the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

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.