Elbit Systems (NASDAQ:ESLT) Given New $930.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan raised its price target on Elbit Systems from $580 to $930 but maintained a "neutral" rating, with the new target implying roughly a 0.33% downside from the prior close.
• Shares and recent results: ESLT traded up to $933.12 after a quarterly EPS beat ($3.56 vs. $3.23) and $2.15B in revenue, while the stock carries a high valuation (market cap ≈ $41.5B, P/E ≈ 82) and a 52‑week range of $369–$1,016.06.
• Notable insider selling: The CEO and EVP sold significant stakes on April 9 (combined ~33,168 shares for ≈ $29.4M) and insiders disposed of 69,736 shares (~$61.9M) over the past 90 days, with insiders owning just 0.84% of the company.

Elbit Systems (NASDAQ:ESLT - Get Free Report) had its price target increased by investment analysts at JPMorgan Chase & Co. from $580.00 to $930.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the aerospace company's stock. JPMorgan Chase & Co.'s price objective suggests a potential downside of 0.33% from the stock's previous close.

ESLT has been the subject of several other reports. Wall Street Zen raised 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 report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Elbit Systems presently has an average rating of "Hold" and a consensus price target of $667.00.

Elbit Systems Stock Up 0.9%

Shares of ESLT traded up $7.88 during trading hours on Monday, hitting $933.12. The company had a trading volume of 45,169 shares, compared to its average volume of 168,770. The company has a market capitalization of $41.48 billion, a PE ratio of 82.14, a price-to-earnings-growth ratio of 2.72 and a beta of 0.16. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. Elbit Systems has a one year low of $369.00 and a one year high of $1,016.06. The company's fifty day moving average price is $820.76 and its two-hundred day moving average price is $643.58.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last released its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.23 by $0.33. The firm had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.09 billion. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%. As a group, equities analysts forecast that Elbit Systems will post 8.05 earnings per share for the current fiscal year.

Insider Activity at Elbit Systems

In other news, EVP Jonathan Ariel sold 7,654 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,792,159.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Bezhalel Machlis sold 25,514 shares of the stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total value of $22,641,123.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,736 shares of company stock worth $61,883,726 over the last ninety days. Corporate insiders own 0.84% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Elbit Systems by 74.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 990 shares of the aerospace company's stock valued at $572,000 after purchasing an additional 424 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Elbit Systems by 3.4% in the fourth quarter. Corient Private Wealth LLC now owns 3,676 shares of the aerospace company's stock valued at $2,123,000 after purchasing an additional 121 shares during the period. Caitong International Asset Management Co. Ltd boosted its stake in shares of Elbit Systems by 875.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 234 shares of the aerospace company's stock worth $135,000 after buying an additional 210 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Elbit Systems by 13.8% in the fourth quarter. Vident Advisory LLC now owns 2,080 shares of the aerospace company's stock worth $1,202,000 after buying an additional 253 shares during the last quarter. Finally, State of Tennessee Department of Treasury purchased a new stake in shares of Elbit Systems in the fourth quarter worth about $5,615,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Company 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.

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