Brokerages Set Elbit Systems Ltd. (NASDAQ:ESLT) Target Price at $725.25

Elbit Systems Ltd. (NASDAQ:ESLT) has received a consensus rating of “Hold” from the six ratings firms that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $725.25.

A number of brokerages have issued reports on ESLT. Jefferies Financial Group cut 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. JPMorgan Chase & Co. boosted their price objective 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. Finally, Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th.

Insiders Place Their Bets

In other news, EVP Yoram Shmuely sold 7,654 shares of the firm’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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Haim Daniel Delmar sold 7,654 shares of Elbit Systems 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 69,736 shares of company stock valued at $61,883,726. Insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its position in Elbit Systems by 2.0% during the 1st quarter. Parallel Advisors LLC now owns 883 shares of the aerospace company’s stock worth $750,000 after purchasing an additional 17 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of Elbit Systems by 0.3% in the 1st quarter. Kestra Advisory Services LLC now owns 6,610 shares of the aerospace company’s stock valued at $5,612,000 after buying an additional 18 shares during the period. Captrust Financial Advisors boosted its stake in shares of Elbit Systems by 2.5% in the fourth quarter. Captrust Financial Advisors now owns 741 shares of the aerospace company’s stock worth $428,000 after buying an additional 18 shares during the last quarter. Cardinal Capital Management boosted its stake in shares of Elbit Systems by 0.3% in the fourth quarter. Cardinal Capital Management now owns 7,889 shares of the aerospace company’s stock worth $4,558,000 after buying an additional 20 shares during the last quarter. Finally, Arax Advisory Partners grew its holdings in Elbit Systems by 25.0% during the fourth quarter. Arax Advisory Partners now owns 150 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 30 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Price Performance

Shares of ESLT stock opened at $803.26 on Monday. Elbit Systems has a fifty-two week low of $422.84 and a fifty-two week high of $1,016.06. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 65.04, a PEG ratio of 3.41 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41. The stock’s 50-day simple moving average is $805.94 and its 200-day simple moving average is $777.76.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.98 by $0.89. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. As a group, equities analysts forecast that Elbit Systems will post 15.3 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date is Tuesday, June 23rd. Elbit Systems’s 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.