Capital Wealth Planning LLC Takes Position in Elbit Systems Ltd. $ESLT

Capital Wealth Planning LLC bought a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the third quarter, HoldingsChannel reports. The institutional investor bought 6,627 shares of the aerospace company’s stock, valued at approximately $3,378,000.

Several other large investors have also made changes to their positions in ESLT. Citizens Financial Group Inc. RI bought a new stake in Elbit Systems during the 3rd quarter worth about $730,000. Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Elbit Systems in the 3rd quarter valued at about $824,000. JPMorgan Chase & Co. boosted its stake in shares of Elbit Systems by 226.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 193,561 shares of the aerospace company’s stock valued at $87,006,000 after purchasing an additional 134,300 shares during the last quarter. ARK Investment Management LLC grew its position in shares of Elbit Systems by 11.6% during the 3rd quarter. ARK Investment Management LLC now owns 53,569 shares of the aerospace company’s stock worth $27,309,000 after buying an additional 5,550 shares during the period. Finally, Pinpoint Asset Management Singapore Pte. Ltd. grew its position in shares of Elbit Systems by 296.0% during the 3rd quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 6,970 shares of the aerospace company’s stock worth $3,553,000 after buying an additional 5,210 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

ESLT stock opened at $871.10 on Friday. Elbit Systems Ltd. has a 1-year low of $354.68 and a 1-year high of $960.00. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The firm has a market cap of $38.72 billion, a PE ratio of 88.53, a P/E/G ratio of 2.63 and a beta of 0.22. The business’s 50-day moving average price is $738.93 and its two-hundred day moving average price is $583.64.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Morgan Stanley began coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price objective on the stock. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. raised their price target on Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a research report on Friday, December 19th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Profile

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.