Elbit Systems Ltd. (NASDAQ:ESLT) was downgraded by equities researchers at Standpoint Research from an “accumulate” rating to a “hold” rating in a research report issued on Thursday.

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Elbit Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 28th. ValuEngine raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th.

Shares of Elbit Systems (ESLT) opened at 149.56 on Thursday. The stock has a market capitalization of $6.39 billion, a PE ratio of 26.80 and a beta of 0.61. Elbit Systems has a 52-week low of $94.91 and a 52-week high of $150.99. The firm has a 50-day moving average of $141.21 and a 200 day moving average of $126.71.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share for the quarter. The company had revenue of $818.30 million during the quarter. Elbit Systems had a net margin of 7.23% and a return on equity of 16.38%. Equities research analysts forecast that Elbit Systems will post $6.27 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of ESLT. FMR LLC boosted its stake in shares of Elbit Systems by 63.3% in the first quarter. FMR LLC now owns 1,267,127 shares of the aerospace company’s stock valued at $144,347,000 after purchasing an additional 491,263 shares during the period. TimesSquare Capital Management LLC purchased a new position in shares of Elbit Systems in the first quarter valued at approximately $27,390,000. Rainier Investment Management LLC boosted its stake in shares of Elbit Systems by 467.8% in the second quarter. Rainier Investment Management LLC now owns 70,410 shares of the aerospace company’s stock valued at $8,713,000 after purchasing an additional 58,010 shares during the period. Vanguard Group Inc. boosted its stake in shares of Elbit Systems by 6.5% in the second quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock valued at $65,202,000 after purchasing an additional 32,258 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Elbit Systems by 191.9% in the second quarter. Goldman Sachs Group Inc. now owns 29,112 shares of the aerospace company’s stock valued at $3,602,000 after purchasing an additional 19,140 shares during the period. 11.13% of the stock is owned by institutional investors and hedge funds.

About Elbit Systems

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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