Callan Family Office LLC Makes New $660,000 Investment in Elbit Systems Ltd. $ESLT

Key Points

• Callan Family Office LLC has made a new investment in Elbit Systems Ltd., purchasing 1,468 shares valued at approximately $660,000 in the second quarter.
• Elbit Systems recently declared an increased quarterly dividend of $0.75, up from $0.60, with a total annualized yield of 0.6%.
• Several analysts have issued mixed ratings for Elbit Systems, with one assigning a Buy rating and others maintaining a Hold rating, alongside a consensus target price of $530.00.

Callan Family Office LLC bought a new position in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,468 shares of the aerospace company's stock, valued at approximately $660,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ESLT. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Elbit Systems by 0.3% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,357,148 shares of the aerospace company's stock valued at $520,189,000 after buying an additional 4,248 shares during the period. Vanguard Group Inc. increased its stake in shares of Elbit Systems by 1.8% in the first quarter. Vanguard Group Inc. now owns 889,904 shares of the aerospace company's stock valued at $341,276,000 after buying an additional 15,552 shares during the period. Y.D. More Investments Ltd increased its stake in shares of Elbit Systems by 0.6% in the first quarter. Y.D. More Investments Ltd now owns 452,288 shares of the aerospace company's stock valued at $173,349,000 after buying an additional 2,541 shares during the period. Meitav Investment House Ltd. increased its stake in shares of Elbit Systems by 27.7% in the second quarter. Meitav Investment House Ltd. now owns 378,223 shares of the aerospace company's stock valued at $168,600,000 after buying an additional 82,103 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in shares of Elbit Systems by 33.7% in the first quarter. Goldman Sachs Group Inc. now owns 135,106 shares of the aerospace company's stock valued at $51,837,000 after buying an additional 34,049 shares during the period. Institutional investors and hedge funds own 17.88% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. assumed coverage on Elbit Systems in a research note on Tuesday, September 30th. They issued a "neutral" rating and a $520.00 price target for the company. Wall Street Zen cut Elbit Systems from a "buy" rating to a "hold" rating in a research note on Friday, October 3rd. Bank of America increased their price target on Elbit Systems from $500.00 to $540.00 and gave the company a "buy" rating in a research note on Tuesday, August 26th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Elbit Systems in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $530.00.

Elbit Systems Stock Up 3.1%

Shares of Elbit Systems stock opened at $517.99 on Tuesday. Elbit Systems Ltd. has a one year low of $207.09 and a one year high of $529.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. The stock's 50-day moving average is $486.37 and its 200 day moving average is $440.78. The firm has a market cap of $23.02 billion, a price-to-earnings ratio of 58.80, a PEG ratio of 1.83 and a beta of 0.33.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last announced its earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, beating the consensus estimate of $2.57 by $0.66. The company had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.89 billion. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.During the same quarter in the prior year, the company earned $2.08 EPS. Equities research analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be issued a $0.75 dividend. The ex-dividend date is Tuesday, October 14th. This is an increase from Elbit Systems's previous quarterly dividend of $0.60. This represents a $3.00 annualized dividend and a yield of 0.6%. Elbit Systems's dividend payout ratio is currently 22.70%.

Elbit Systems Company 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.

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