Stifel Financial Corp Sells 95 Shares of Elbit Systems Ltd. (ESLT)

Stifel Financial Corp lowered its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 1.0% during the first quarter, Holdings Channel reports. The institutional investor owned 9,779 shares of the aerospace company’s stock after selling 95 shares during the period. Stifel Financial Corp’s holdings in Elbit Systems were worth $1,114,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Creative Planning raised its stake in shares of Elbit Systems by 66.7% in the first quarter. Creative Planning now owns 1,000 shares of the aerospace company’s stock worth $114,000 after buying an additional 400 shares in the last quarter. Bartlett & Co. LLC bought a new stake in shares of Elbit Systems during the first quarter worth approximately $114,000. Westbourne Investment Advisors Inc. bought a new stake in shares of Elbit Systems during the first quarter worth approximately $202,000. US Bancorp DE raised its stake in shares of Elbit Systems by 45.2% in the first quarter. US Bancorp DE now owns 1,835 shares of the aerospace company’s stock worth $208,000 after buying an additional 571 shares in the last quarter. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Elbit Systems during the first quarter worth approximately $210,000. 10.84% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Elbit Systems (NASDAQ:ESLT)

Elbit Systems Ltd. (ESLT) opened at 124.51 on Tuesday. The firm has a market capitalization of $5.32 billion, a P/E ratio of 23.12 and a beta of 0.62. Elbit Systems Ltd. has a 52-week low of $88.45 and a 52-week high of $127.97. The firm’s 50-day moving average is $121.51 and its 200-day moving average is $114.08.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings results on Tuesday, May 16th. The aerospace company reported $1.21 earnings per share for the quarter. The company had revenue of $749.19 million for the quarter. Elbit Systems had a return on equity of 16.45% and a net margin of 7.00%. On average, equities analysts expect that Elbit Systems Ltd. will post $6.20 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 6th. Stockholders of record on Friday, May 26th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Wednesday, May 24th. Elbit Systems’s dividend payout ratio (DPR) is currently 32.65%.

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A number of equities research analysts have commented on the stock. BidaskClub raised shares of Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. Chardan Capital began coverage on shares of Elbit Systems in a research report on Friday, May 5th. They set a “neutral” rating and a $110.00 target price on the stock.

About Elbit Systems

Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ESLT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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