1,600 Shares in Elbit Systems Ltd. $ESLT Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,600 shares of the aerospace company’s stock, valued at approximately $1,359,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESLT. CoreCap Advisors LLC acquired a new position in shares of Elbit Systems in the 4th quarter valued at $26,000. Wexford Capital LP acquired a new stake in shares of Elbit Systems during the 3rd quarter valued at about $63,000. Leonteq Securities AG acquired a new stake in shares of Elbit Systems during the 4th quarter valued at about $68,000. Hilton Head Capital Partners LLC bought a new stake in Elbit Systems in the fourth quarter valued at about $69,000. Finally, Greenline Wealth Management LLC bought a new stake in Elbit Systems in the fourth quarter valued at about $85,000. Institutional investors own 17.88% of the company’s stock.

Analyst Ratings Changes

ESLT has been the subject of a number of analyst reports. Jefferies Financial Group cut their price target on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating for the company in a research note on Wednesday, June 24th. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their target price on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Elbit Systems currently has a consensus rating of “Hold” and an average price target of $725.25.

Elbit Systems Price Performance

Shares of ESLT traded down $9.09 during trading hours on Friday, hitting $751.80. The stock had a trading volume of 53,349 shares, compared to its average volume of 89,255. The company’s fifty day moving average is $800.62 and its two-hundred day moving average is $784.38. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86. Elbit Systems Ltd. has a 52 week low of $422.84 and a 52 week high of $1,016.06. The stock has a market capitalization of $33.42 billion, a price-to-earnings ratio of 60.87, a P/E/G ratio of 3.23 and a beta of 0.17.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.89. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. On average, analysts anticipate that Elbit Systems Ltd. will post 15.3 EPS for the current year.

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd were paid a $1.00 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. Elbit Systems’s payout ratio is 26.96%.

Elbit Systems Company Profile

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.