TD Waterhouse Canada Inc. Lowers Stock Position in Elbit Systems Ltd. $ESLT

TD Waterhouse Canada Inc. cut its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 99.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74 shares of the aerospace company’s stock after selling 13,713 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Elbit Systems were worth $32,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ESLT. Activest Wealth Management purchased a new stake in shares of Elbit Systems during the 2nd quarter valued at $28,000. Traub Capital Management LLC bought a new position in Elbit Systems in the second quarter valued at $31,000. Montag A & Associates Inc. purchased a new stake in Elbit Systems during the second quarter valued at about $68,000. SBI Securities Co. Ltd. raised its position in Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after purchasing an additional 32 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in Elbit Systems during the first quarter worth about $77,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of ESLT stock opened at $469.67 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. Elbit Systems Ltd. has a fifty-two week low of $243.18 and a fifty-two week high of $529.99. The stock has a 50 day moving average price of $489.69 and a two-hundred day moving average price of $460.55. The company has a market capitalization of $20.88 billion, a P/E ratio of 53.31, a PEG ratio of 1.74 and a beta of 0.30.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, topping the consensus estimate of $2.75 by $0.60. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. The company had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.99 billion. Analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be given a $0.75 dividend. The ex-dividend date is Monday, December 22nd. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. Elbit Systems’s payout ratio is presently 22.87%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ESLT shares. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. JPMorgan Chase & Co. initiated coverage on shares of Elbit Systems in a research report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price target on the stock. Bank of America lifted their price target on shares of Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a report on Tuesday. Finally, Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Elbit Systems has an average rating of “Moderate Buy” and a consensus target price of $530.00.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.