Elbit Systems (NASDAQ:ESLT) announced its quarterly earnings data on Tuesday. The aerospace company reported $2.01 EPS for the quarter, Morningstar.com reports. Elbit Systems had a net margin of 7.13% and a return on equity of 16.32%.
Shares of ESLT stock traded down $1.52 on Wednesday, hitting $131.78. 36,765 shares of the stock were exchanged, compared to its average volume of 41,435. The company has a market cap of $5,817.85, a price-to-earnings ratio of 24.06 and a beta of 0.78. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.15. Elbit Systems has a 1 year low of $110.12 and a 1 year high of $153.13.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Ark Investment Management LLC increased its position in Elbit Systems by 104.6% during the 2nd quarter. Ark Investment Management LLC now owns 6,121 shares of the aerospace company’s stock valued at $757,000 after purchasing an additional 3,129 shares during the period. Dimensional Fund Advisors LP increased its position in Elbit Systems by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 9,766 shares of the aerospace company’s stock valued at $1,209,000 after purchasing an additional 108 shares during the period. Canada Pension Plan Investment Board purchased a new position in Elbit Systems during the 3rd quarter valued at $882,000. Keybank National Association OH purchased a new position in Elbit Systems during the 3rd quarter valued at $217,000. Finally, Bank of New York Mellon Corp increased its position in Elbit Systems by 3.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 53,334 shares of the aerospace company’s stock valued at $7,844,000 after purchasing an additional 1,806 shares during the period. Hedge funds and other institutional investors own 11.79% of the company’s stock.
Elbit Systems Company Profile
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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