Insider Selling: Elbit Systems (NASDAQ:ESLT) EVP Sells 7,654 Shares of Stock

by · The Markets Daily

Elbit Systems Ltd. (NASDAQ:ESLTGet Free Report) EVP Jonathan Ariel sold 7,654 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,792,159.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Elbit Systems Stock Performance

Shares of ESLT opened at $928.47 on Friday. The company has a market capitalization of $41.27 billion, a PE ratio of 81.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.16. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. Elbit Systems Ltd. has a one year low of $369.00 and a one year high of $1,016.06. The company’s fifty day moving average price is $816.30 and its 200 day moving average price is $638.55.

Elbit Systems (NASDAQ:ESLTGet Free Report) last issued its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, topping analysts’ consensus estimates of $3.23 by $0.33. The company had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.09 billion. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%. As a group, analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 13th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, April 13th. This is an increase from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a yield of 0.4%. Elbit Systems’s payout ratio is presently 19.81%.

Wall Street Analyst Weigh In

ESLT has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 29th. Morgan Stanley began coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $550.33.

View Our Latest Report on ESLT

Hedge Funds Weigh In On Elbit Systems

Several large investors have recently bought and sold shares of ESLT. Clal Insurance Enterprises Holdings Ltd raised its position in shares of Elbit Systems by 34.4% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,550,618 shares of the aerospace company’s stock valued at $893,941,000 after acquiring an additional 397,049 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Elbit Systems by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after purchasing an additional 13,406 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Elbit Systems by 3,162.0% during the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock worth $330,404,000 after purchasing an additional 628,236 shares during the period. Y.D. More Investments Ltd grew its stake in shares of Elbit Systems by 3.0% during the fourth quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock worth $356,345,000 after purchasing an additional 18,289 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Elbit Systems by 2.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock valued at $246,121,000 after purchasing an additional 12,003 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

About Elbit Systems

(Get Free Report)

Elbit Systems Ltd. is an Israel-based defense electronics company that designs, develops and supplies a broad range of systems for military, homeland security and commercial aviation customers. The company focuses on integrated, platform-level solutions that combine sensors, communications, command-and-control software and weapons integration to support intelligence, surveillance and reconnaissance (ISR), force protection and mission management.

Its product and service portfolio spans unmanned aircraft systems, electro-optic and signal intelligence systems, electronic warfare and communications equipment, avionics and mission systems for military and commercial aircraft, and land and naval systems.

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