624 Shares in Elbit Systems Ltd. $ESLT Purchased by 5th Street Advisors LLC

Key Points

• 5th Street Advisors LLC acquired 624 shares of Elbit Systems Ltd. during the first quarter, valued at approximately $239,000.
• Elbit Systems announced a quarterly dividend of $0.75 per share, an increase from the previous $0.60, set to be paid on October 27th.
• Wall Street analysts have a consensus rating of "Buy" for Elbit Systems, with Bank of America raising its price target from $500 to $540.

5th Street Advisors LLC acquired a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 624 shares of the aerospace company's stock, valued at approximately $239,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PDT Partners LLC increased its holdings in Elbit Systems by 41.7% in the first quarter. PDT Partners LLC now owns 10,634 shares of the aerospace company's stock worth $4,080,000 after purchasing an additional 3,130 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in shares of Elbit Systems by 924.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 5,584 shares of the aerospace company's stock worth $2,142,000 after buying an additional 5,039 shares during the period. Royal Bank of Canada increased its stake in shares of Elbit Systems by 98.9% in the 1st quarter. Royal Bank of Canada now owns 2,464 shares of the aerospace company's stock valued at $946,000 after acquiring an additional 1,225 shares in the last quarter. Vident Advisory LLC lifted its position in shares of Elbit Systems by 30.1% during the 1st quarter. Vident Advisory LLC now owns 1,801 shares of the aerospace company's stock valued at $691,000 after acquiring an additional 417 shares during the period. Finally, Trexquant Investment LP lifted its position in shares of Elbit Systems by 1,155.0% during the 1st quarter. Trexquant Investment LP now owns 11,508 shares of the aerospace company's stock valued at $4,415,000 after acquiring an additional 10,591 shares during the period. Institutional investors own 17.88% of the company's stock.

Elbit Systems Stock Up 0.5%

NASDAQ ESLT traded up $2.50 during trading hours on Friday, hitting $482.04. The company's stock had a trading volume of 129,473 shares, compared to its average volume of 129,507. The company has a market capitalization of $21.43 billion, a PE ratio of 54.72, a price-to-earnings-growth ratio of 1.81 and a beta of 0.37. 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 Ltd. has a 52 week low of $188.53 and a 52 week high of $499.00. The company's 50-day simple moving average is $457.85 and its two-hundred day simple moving average is $413.74.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last issued its quarterly earnings data on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, topping analysts' consensus estimates of $2.57 by $0.66. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same period in the previous year, the company posted $2.08 EPS. Research analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be issued a $0.75 dividend. This is a boost from Elbit Systems's previous quarterly dividend of $0.60. This represents a $3.00 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 14th. Elbit Systems's dividend payout ratio is currently 28.26%.

Analyst Ratings Changes

ESLT has been the subject of several research analyst reports. Bank of America lifted their price target on shares of Elbit Systems from $500.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded Elbit Systems from a "hold" rating to a "buy" rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $540.00.

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.