Sei Investments Co. Purchases Shares of 861 Elbit Systems Ltd. $ESLT

Sei Investments Co. acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 861 shares of the aerospace company’s stock, valued at approximately $731,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. WPG Advisers LLC bought a new position in Elbit Systems during the 1st quarter worth about $26,000. Archer Investment Corp bought a new stake in shares of Elbit Systems in the first quarter valued at about $85,000. Leonteq Securities AG bought a new stake in shares of Elbit Systems in the fourth quarter valued at about $68,000. Hilton Head Capital Partners LLC acquired a new position in shares of Elbit Systems during the fourth quarter worth about $69,000. Finally, Wexford Capital LP bought a new position in shares of Elbit Systems during the third quarter worth about $63,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Morgan Stanley set a $845.00 price target on Elbit Systems in a research report on Wednesday, July 15th. Weiss Ratings cut shares of Elbit Systems from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday. Jefferies Financial Group cut their price objective on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research report on Wednesday, June 24th. Finally, Zacks Research cut shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $803.75.

Elbit Systems Stock Up 0.0%

ESLT stock opened at $779.62 on Friday. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $34.65 billion, a PE ratio of 58.75, a PEG ratio of 3.31 and a beta of 0.17. Elbit Systems Ltd. has a 1-year low of $447.00 and a 1-year high of $1,016.06. The business’s 50 day simple moving average is $793.36 and its 200 day simple moving average is $809.76.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, August 11th. The aerospace company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.45. Elbit Systems had a return on equity of 16.94% and a net margin of 7.44%.The business had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. As a group, research analysts anticipate that Elbit Systems Ltd. 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, October 26th. Stockholders of record on Tuesday, October 13th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $4.00 annualized dividend and a dividend yield of 0.5%. Elbit Systems’s dividend payout ratio is presently 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.