MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT - Free Report) by 61.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 100,779 shares of the aerospace company's stock after purchasing an additional 38,305 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.23% of Elbit Systems worth $38,533,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. AQR Capital Management LLC acquired a new stake in shares of Elbit Systems during the 1st quarter worth approximately $353,000. Amundi raised its position in shares of Elbit Systems by 12.4% during the first quarter. Amundi now owns 13,332 shares of the aerospace company's stock worth $5,202,000 after purchasing an additional 1,467 shares during the period. 5th Street Advisors LLC acquired a new position in shares of Elbit Systems during the first quarter worth approximately $239,000. PDT Partners LLC boosted its position in shares of Elbit Systems by 41.7% during the first quarter. PDT Partners LLC now owns 10,634 shares of the aerospace company's stock valued at $4,080,000 after buying an additional 3,130 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in shares of Elbit Systems by 924.6% during the first quarter. Cubist Systematic Strategies LLC now owns 5,584 shares of the aerospace company's stock valued at $2,142,000 after buying an additional 5,039 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have issued reports on the stock. Bank of America lifted their price objective on shares of 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 raised Elbit Systems from a "hold" rating to a "buy" rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Elbit Systems currently has an average rating of "Buy" and an average target price of $540.00.
Check Out Our Latest Stock Report on Elbit Systems
Elbit Systems Price Performance
Elbit Systems stock opened at $482.04 on Friday. Elbit Systems Ltd. has a 12 month low of $188.53 and a 12 month high of $499.00. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The business's 50 day simple moving average is $457.85 and its 200 day simple moving average is $413.74. The company has a market cap of $21.43 billion, a price-to-earnings ratio of 54.72, a PEG ratio of 1.81 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, beating the consensus estimate of $2.57 by $0.66. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.The business had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.89 billion. During the same quarter in the prior year, the business earned $2.08 earnings per share. Sell-side analysts forecast that Elbit Systems Ltd. will post 8.05 EPS 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 $0.75 dividend. The ex-dividend date is Tuesday, October 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. This is an increase from Elbit Systems's previous quarterly dividend of $0.60. Elbit Systems's dividend payout ratio (DPR) is presently 22.70%.
Elbit Systems Company Profile
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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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