Charles Schwab Investment Management Inc. Acquires 749 Shares of Elbit Systems Ltd. $ESLT

Key Points

• Charles Schwab Investment Management Inc. raised its stake in Elbit Systems Ltd. by 23.9%, owning 3,889 shares valued at approximately $1.49 million as of its latest SEC filing.
• Elbit Systems recently announced a quarterly dividend of $0.75 per share, an increase from the previous dividend, with the record date set for October 14th.
• Analysts have upgraded Elbit Systems to a "buy" rating, with Bank of America raising the target price from $500 to $540.

Charles Schwab Investment Management Inc. raised its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 23.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,889 shares of the aerospace company's stock after acquiring an additional 749 shares during the period. Charles Schwab Investment Management Inc.'s holdings in Elbit Systems were worth $1,492,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of ESLT. Larson Financial Group LLC bought a new position in Elbit Systems during the 1st quarter valued at $29,000. SBI Securities Co. Ltd. lifted its stake in Elbit Systems by 232.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company's stock valued at $59,000 after acquiring an additional 107 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in Elbit Systems during the 4th quarter valued at $73,000. Cambridge Investment Research Advisors Inc. bought a new position in Elbit Systems during the 1st quarter valued at $203,000. Finally, Brighton Jones LLC bought a new position in Elbit Systems during the 1st quarter valued at $206,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Performance

Elbit Systems stock traded down $2.65 during midday trading on Thursday, reaching $476.78. The stock had a trading volume of 42,035 shares, compared to its average volume of 106,870. Elbit Systems Ltd. has a 12 month low of $188.53 and a 12 month high of $499.00. The firm's 50-day moving average price is $455.94 and its 200 day moving average price is $410.43. The firm has a market capitalization of $21.19 billion, a PE ratio of 54.12, a P/E/G ratio of 1.80 and a beta of 0.37. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted its earnings results on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share for the quarter, beating analysts' consensus estimates of $2.57 by $0.66. The business had revenue of $1.97 billion during 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 previous year, the firm earned $2.08 EPS. As a group, research analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, October 14th. This is a positive change from Elbit Systems's previous quarterly dividend of $0.60. Elbit Systems's dividend payout ratio is presently 28.26%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Bank of America raised their target price on Elbit Systems from $500.00 to $540.00 and gave the company a "buy" rating in a research report on Tuesday, August 26th. Wall Street Zen raised Elbit Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $540.00.

About Elbit Systems

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.