BidaskClub upgraded shares of Elbit Systems (NASDAQ:ESLT) from a buy rating to a strong-buy rating in a research report report published on Thursday, BidAskClub reports.

Shares of NASDAQ ESLT opened at $142.12 on Thursday. The company has a current ratio of 1.10, a quick ratio of 0.73 and a debt-to-equity ratio of 0.26. Elbit Systems has a 52-week low of $109.81 and a 52-week high of $146.50. The stock has a market capitalization of $6.12 billion, a price-to-earnings ratio of 22.27 and a beta of 0.87.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, May 28th. The aerospace company reported $1.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.46. Elbit Systems had a net margin of 5.34% and a return on equity of 14.75%. The firm had revenue of $1.02 billion for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 24th. Shareholders of record on Friday, June 7th will be issued a $0.44 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.76 dividend on an annualized basis and a yield of 1.24%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Steinberg Global Asset Management bought a new position in Elbit Systems in the first quarter worth about $689,000. First Allied Advisory Services Inc. lifted its holdings in Elbit Systems by 2.2% in the first quarter. First Allied Advisory Services Inc. now owns 10,798 shares of the aerospace company’s stock worth $1,391,000 after acquiring an additional 229 shares during the last quarter. FMR LLC lifted its holdings in Elbit Systems by 2.0% in the fourth quarter. FMR LLC now owns 710,099 shares of the aerospace company’s stock worth $80,989,000 after acquiring an additional 13,668 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Elbit Systems by 2.4% in the third quarter. Vanguard Group Inc. now owns 583,779 shares of the aerospace company’s stock worth $73,276,000 after acquiring an additional 13,495 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Elbit Systems by 1.8% in the third quarter. Bank of New York Mellon Corp now owns 58,737 shares of the aerospace company’s stock worth $7,373,000 after acquiring an additional 1,023 shares during the last quarter. 7.95% of the stock is currently owned by hedge funds and other institutional investors.

About Elbit Systems

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; munitions; command, control, communications, computer, intelligence, surveillance, and reconnaissance and cyber systems; electronic warfare and signal intelligence systems; and commercial cyber security products.

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