HWG Holdings LP Has $12.29 Million Stake in Elbit Systems Ltd. $ESLT

HWG Holdings LP increased its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 9.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,268 shares of the aerospace company’s stock after purchasing an additional 1,923 shares during the quarter. Elbit Systems makes up about 3.0% of HWG Holdings LP’s portfolio, making the stock its 10th biggest position. HWG Holdings LP’s holdings in Elbit Systems were worth $12,287,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ESLT. USA Financial Formulas purchased a new stake in shares of Elbit Systems in the 3rd quarter worth $26,000. Financial Consulate Inc. purchased a new position in shares of Elbit Systems during the third quarter valued at $60,000. Wexford Capital LP purchased a new position in shares of Elbit Systems during the third quarter valued at $63,000. Smartleaf Asset Management LLC raised its holdings in shares of Elbit Systems by 24.4% in the third quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock valued at $97,000 after acquiring an additional 38 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its stake in Elbit Systems by 27.8% in the third quarter. Montag A & Associates Inc. now owns 193 shares of the aerospace company’s stock worth $98,000 after acquiring an additional 42 shares during the period. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $911.90 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29. The company has a market cap of $40.53 billion, a PE ratio of 80.27, a P/E/G ratio of 2.63 and a beta of 0.22. The business has a 50-day simple moving average of $779.08 and a two-hundred day simple moving average of $609.33. Elbit Systems Ltd. has a fifty-two week low of $354.68 and a fifty-two week high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.33. The firm had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. As a group, equities analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 13th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date is Monday, April 13th. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.75. Elbit Systems’s dividend payout ratio (DPR) is currently 19.81%.

Wall Street Analyst Weigh In

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

About Elbit Systems

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.