Elbit Systems Ltd. (ESLT) Stake Lessened by Gilder Gagnon Howe & Co. LLC
Gilder Gagnon Howe & Co. LLC lowered its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 274,182 shares of the aerospace company’s stock after selling 1,765 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 0.64% of Elbit Systems worth $40,327,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Keybank National Association OH acquired a new position in Elbit Systems in the 3rd quarter worth approximately $217,000. Canada Pension Plan Investment Board acquired a new position in Elbit Systems in the 3rd quarter worth approximately $882,000. Cardinal Capital Management increased its holdings in Elbit Systems by 3.1% in the 3rd quarter. Cardinal Capital Management now owns 14,493 shares of the aerospace company’s stock worth $2,131,000 after buying an additional 430 shares during the period. Westbourne Investment Advisors Inc. acquired a new position in Elbit Systems in the 3rd quarter worth approximately $232,000. Finally, Eqis Capital Management Inc. increased its holdings in Elbit Systems by 12.0% in the 3rd quarter. Eqis Capital Management Inc. now owns 20,500 shares of the aerospace company’s stock worth $3,015,000 after buying an additional 2,199 shares during the period. Hedge funds and other institutional investors own 11.21% of the company’s stock.
Elbit Systems Ltd. (NASDAQ:ESLT) traded down $0.29 during trading on Monday, reaching $146.09. The company’s stock had a trading volume of 13,200 shares, compared to its average volume of 32,717. The company has a current ratio of 1.29, a quick ratio of 0.84 and a debt-to-equity ratio of 0.15. Elbit Systems Ltd. has a 1-year low of $98.42 and a 1-year high of $153.13. The stock has a market cap of $6,210.00, a price-to-earnings ratio of 23.95 and a beta of 0.61.
Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter. Elbit Systems had a return on equity of 16.38% and a net margin of 7.23%. The firm had revenue of $818.30 million for the quarter. sell-side analysts forecast that Elbit Systems Ltd. will post 6.85 earnings per share for the current fiscal year.
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Several equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating and set a $176.00 price target on the stock in a report on Tuesday, October 17th. Standpoint Research lowered Elbit Systems from an “accumulate” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine lowered Elbit Systems from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $143.00.
Elbit Systems Profile
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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