Elbit Systems (NASDAQ:ESLT) EVP Haim Daniel Delmar Sells 7,654 Shares of Stock

Elbit Systems Ltd. (NASDAQ:ESLT) EVP Haim Daniel Delmar sold 7,654 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $6,792,159.60. The sale was disclosed in a filing with the SEC, which is available through this link.

Elbit Systems Stock Performance

Shares of Elbit Systems stock opened at $928.47 on Friday. The firm has a fifty day moving average of $816.30 and a two-hundred day moving average of $638.55. 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 stock has a market capitalization of $41.27 billion, a price-to-earnings ratio of 81.73, a PEG ratio of 2.70 and a beta of 0.16. Elbit Systems Ltd. has a 52 week low of $369.00 and a 52 week high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, beating analysts’ consensus estimates of $3.23 by $0.33. The business 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 research analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Increases Dividend

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

Hedge Funds Weigh In On Elbit Systems

Several large investors have recently modified their holdings of ESLT. Citizens Financial Group Inc. RI bought a new position in Elbit Systems in the 3rd quarter valued at about $730,000. Pinpoint Asset Management Singapore Pte. Ltd. lifted its position in Elbit Systems by 296.0% during the third quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 6,970 shares of the aerospace company’s stock worth $3,553,000 after acquiring an additional 5,210 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of Elbit Systems during the third quarter worth approximately $824,000. ARK Investment Management LLC boosted its holdings in shares of Elbit Systems by 11.6% during the third quarter. ARK Investment Management LLC now owns 53,569 shares of the aerospace company’s stock worth $27,309,000 after acquiring an additional 5,550 shares during the period. Finally, Van ECK Associates Corp grew its position in shares of Elbit Systems by 3,162.0% in the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after purchasing an additional 628,236 shares during the last quarter. 17.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ESLT shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. raised their target price on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Finally, Morgan Stanley began coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Elbit Systems currently has a consensus rating of “Hold” and a consensus price target of $550.33.

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.