US Bancorp DE Buys 217 Shares of Elbit Systems Ltd. (NASDAQ:ESLT)

US Bancorp DE boosted its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 9.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,468 shares of the aerospace company’s stock after buying an additional 217 shares during the quarter. US Bancorp DE’s holdings in Elbit Systems were worth $494,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in shares of Elbit Systems by 368.6% in the second quarter. Blue Trust Inc. now owns 164 shares of the aerospace company’s stock worth $29,000 after buying an additional 129 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Elbit Systems in the second quarter worth about $35,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 84 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in Elbit Systems during the 2nd quarter worth about $143,000. Finally, TIAA Trust National Association bought a new position in Elbit Systems during the 1st quarter worth about $201,000. 17.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 16th.

Elbit Systems Stock Performance

Shares of Elbit Systems stock opened at $235.28 on Tuesday. The firm has a market capitalization of $10.46 billion, a P/E ratio of 43.25 and a beta of 0.51. The company has a quick ratio of 0.63, a current ratio of 1.13 and a debt-to-equity ratio of 0.10. The company has a 50 day moving average price of $208.18 and a 200 day moving average price of $196.99. Elbit Systems Ltd. has a 52 week low of $175.30 and a 52 week high of $237.70.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Wednesday, August 14th. The aerospace company reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.31. Elbit Systems had a net margin of 3.85% and a return on equity of 10.70%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period last year, the firm posted $1.57 EPS. Sell-side analysts expect that Elbit Systems Ltd. will post 7.8 EPS for the current year.

Elbit Systems Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.