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

Sei Investments Co. bought a new position in Elbit Systems Ltd. (NASDAQ:ESLT) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 861 shares of the aerospace company’s stock, valued at approximately $731,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Elbit Systems by 34.4% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,550,618 shares of the aerospace company’s stock valued at $893,941,000 after acquiring an additional 397,049 shares during the period. Lazard Asset Management LLC bought a new position in Elbit Systems during the third quarter worth $172,673,000. Harel Insurance Investments & Financial Services Ltd. raised its stake in Elbit Systems by 206.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 269,599 shares of the aerospace company’s stock valued at $228,914,000 after purchasing an additional 181,524 shares during the last quarter. Jennison Associates LLC bought a new stake in Elbit Systems in the 1st quarter valued at $128,135,000. Finally, Bank of America Corp DE boosted its holdings in Elbit Systems by 125.0% in the 3rd quarter. Bank of America Corp DE now owns 166,434 shares of the aerospace company’s stock valued at $84,848,000 after purchasing an additional 92,449 shares during the period. Institutional investors own 17.88% of the company’s stock.

Wall Street Analysts Forecast Growth

ESLT has been the topic of a number of recent research reports. Jefferies Financial Group decreased their target price on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research report on Wednesday, June 24th. Weiss Ratings cut Elbit Systems from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. Morgan Stanley set a $845.00 price objective on Elbit Systems in a research report on Wednesday, July 15th. Finally, Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $803.75.

Elbit Systems Trading Up 0.0%

Shares of ESLT stock opened at $779.62 on Friday. The company has a market capitalization of $34.65 billion, a P/E ratio of 58.75, a P/E/G ratio of 3.31 and a beta of 0.17. Elbit Systems Ltd. has a 12-month low of $447.00 and a 12-month high of $1,016.06. The company has a quick ratio of 0.86, a current ratio of 1.41 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $793.36 and a 200 day moving average price of $809.76.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data 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 firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.25 billion. Research analysts forecast that Elbit Systems Ltd. will post 15.3 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Tuesday, October 13th will be paid a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, October 13th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.5%. Elbit Systems’s payout ratio is 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.