Geode Capital Management LLC raised its stake in Elbit Systems (NASDAQ:ESLT) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,585 shares of the aerospace company’s stock after buying an additional 456 shares during the period. Geode Capital Management LLC owned 0.06% of Elbit Systems worth $3,676,000 at the end of the most recent quarter.
A number of other institutional investors also recently modified their holdings of ESLT. Gilder Gagnon Howe & Co. LLC boosted its position in Elbit Systems by 39.7% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 383,153 shares of the aerospace company’s stock valued at $51,070,000 after buying an additional 108,971 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Elbit Systems by 68.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 79,914 shares of the aerospace company’s stock valued at $10,678,000 after buying an additional 32,458 shares in the last quarter. Tower View Investment Management & Research LLC acquired a new position in shares of Elbit Systems during the fourth quarter worth $1,435,000. JPMorgan Chase & Co. lifted its holdings in shares of Elbit Systems by 19.9% during the third quarter. JPMorgan Chase & Co. now owns 56,281 shares of the aerospace company’s stock worth $8,254,000 after purchasing an additional 9,336 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Elbit Systems by 47.7% during the fourth quarter. Acadian Asset Management LLC now owns 27,044 shares of the aerospace company’s stock worth $3,624,000 after purchasing an additional 8,730 shares during the period. Hedge funds and other institutional investors own 11.79% of the company’s stock.
A number of brokerages have recently commented on ESLT. BidaskClub upgraded shares of Elbit Systems from a “strong sell” rating to a “sell” rating in a report on Saturday, April 14th. Zacks Investment Research upgraded shares of Elbit Systems from a “sell” rating to a “hold” rating in a report on Friday, January 19th. Finally, ValuEngine upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Elbit Systems has an average rating of “Hold” and a consensus price target of $143.00.
Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, March 20th. The aerospace company reported $2.01 EPS for the quarter. The company had revenue of $1.01 billion for the quarter. Elbit Systems had a net margin of 7.08% and a return on equity of 16.45%. equities analysts anticipate that Elbit Systems will post 7.16 earnings per share for the current year.
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Elbit Systems Profile
Elbit Systems Ltd. develops and supplies a range of airborne, land, and naval systems and products for defense, homeland security, and commercial aviation applications worldwide. The company offers military aircraft and helicopter systems; commercial aviation systems and aero structures; unmanned aircraft systems and unmanned surface vessels; electro-optic and countermeasures systems; land vehicle systems; command, control, communications, computer, and intelligence systems; electronic warfare and signal intelligence systems; and commercial cyber security products.
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