Elbit Systems Ltd. (NASDAQ:ESLT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $725.25.

Several research analysts have issued reports on the company. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Jefferies Financial Group lowered their price target on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research note on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th.

Elbit Systems Price Performance

Shares of ESLT opened at $803.26 on Monday. Elbit Systems has a 1-year low of $422.84 and a 1-year high of $1,016.06. The stock has a market cap of $35.70 billion, a PE ratio of 65.04, a price-to-earnings-growth ratio of 3.41 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86. The firm has a fifty day moving average price of $805.94 and a 200 day moving average price of $775.91.

Elbit Systems (NASDAQ:ESLT) last announced its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. The business had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. As a group, sell-side analysts anticipate that Elbit Systems will post 15.3 EPS for the current year.

Elbit Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 23rd will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. Elbit Systems’s dividend payout ratio (DPR) is presently 26.96%.

Insider Activity

In other Elbit Systems news, CEO Bezhalel Machlis sold 25,514 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $22,641,123.60. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Oren Yaacov Sabag sold 8,504 shares of Elbit Systems stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $7,546,449.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,736 shares of company stock worth $61,883,726 in the last quarter. Corporate insiders own 0.84% of the company’s stock.

Institutional Trading of Elbit Systems

Several large investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC acquired a new position in Elbit Systems in the 4th quarter worth $26,000. WPG Advisers LLC acquired a new position in shares of Elbit Systems in the 1st quarter valued at approximately $26,000. Optiver Holding B.V. purchased a new position in shares of Elbit Systems during the 1st quarter valued at approximately $46,000. Wexford Capital LP acquired a new stake in shares of Elbit Systems during the third quarter worth approximately $63,000. Finally, Leonteq Securities AG acquired a new stake in shares of Elbit Systems during the fourth quarter worth approximately $68,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

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.