Elbit Systems Ltd. $ESLT Shares Purchased by TD Asset Management Inc

TD Asset Management Inc raised its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 11.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,585 shares of the aerospace company’s stock after acquiring an additional 1,187 shares during the quarter. TD Asset Management Inc’s holdings in Elbit Systems were worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. USA Financial Formulas purchased a new position in shares of Elbit Systems during the 3rd quarter worth approximately $26,000. Traub Capital Management LLC acquired a new stake in Elbit Systems during the 2nd quarter valued at $31,000. Financial Consulate Inc. purchased a new position in Elbit Systems during the third quarter worth $60,000. Montag A & Associates Inc. acquired a new position in shares of Elbit Systems in the second quarter worth $68,000. Finally, SBI Securities Co. Ltd. lifted its position in shares of Elbit Systems by 20.9% in the second 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 in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Elbit Systems Price Performance

Elbit Systems stock opened at $823.08 on Wednesday. The firm has a fifty day moving average of $689.60 and a 200-day moving average of $561.18. Elbit Systems Ltd. has a 52-week low of $333.37 and a 52-week high of $833.25. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $36.59 billion, a P/E ratio of 83.65, a PEG ratio of 2.52 and a beta of 0.22.

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.