Inspire Investing LLC bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 559 shares of the aerospace company's stock, valued at approximately $215,000.
Several other institutional investors also recently made changes to their positions in ESLT. Janney Montgomery Scott LLC purchased a new position in shares of Elbit Systems in the 1st quarter valued at about $229,000. Cambridge Investment Research Advisors Inc. acquired a new position in Elbit Systems during the first quarter worth about $203,000. Yousif Capital Management LLC purchased a new position in Elbit Systems in the first quarter valued at about $262,000. Ballentine Partners LLC purchased a new position in Elbit Systems in the first quarter valued at about $220,000. Finally, GAMMA Investing LLC lifted its position in shares of Elbit Systems by 38,268.4% during the 1st quarter. GAMMA Investing LLC now owns 7,290 shares of the aerospace company's stock valued at $2,797,000 after acquiring an additional 7,271 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on ESLT shares. Bank of America upped their price target on Elbit Systems from $500.00 to $540.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Wall Street Zen upgraded 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, According to data from MarketBeat, Elbit Systems presently has an average rating of "Buy" and an average target price of $540.00.
Check Out Our Latest Stock Report on ESLT
Elbit Systems Price Performance
Shares of NASDAQ ESLT traded up $11.00 during trading on Monday, reaching $498.97. The company had a trading volume of 128,996 shares, compared to its average volume of 110,465. 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 twelve month low of $190.78 and a twelve month high of $510.58. The stock has a 50-day moving average price of $469.59 and a two-hundred day moving average price of $427.95. The stock has a market capitalization of $22.18 billion, a PE ratio of 56.64, a price-to-earnings-growth ratio of 1.73 and a beta of 0.37.
Elbit Systems (NASDAQ:ESLT - Get Free Report) last posted 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 analysts' expectations of $1.89 billion. During the same quarter last year, the business posted $2.08 EPS. As a group, sell-side analysts predict that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.
Elbit Systems Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Tuesday, October 14th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Tuesday, October 14th. This is a positive change from Elbit Systems's previous quarterly dividend of $0.60. This represents a $3.00 annualized dividend and a dividend yield of 0.6%. Elbit Systems's payout ratio is currently 22.70%.
About Elbit Systems
(
Free Report)
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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