Elbit Systems Ltd. $ESLT Shares Purchased by AM Investment Strategies LLC

AM Investment Strategies LLC boosted its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 6.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069 shares of the aerospace company’s stock after buying an additional 69 shares during the quarter. AM Investment Strategies LLC’s holdings in Elbit Systems were worth $480,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Counterpoint Mutual Funds LLC acquired a new position in Elbit Systems in the 2nd quarter worth $2,760,000. Farther Finance Advisors LLC lifted its holdings in Elbit Systems by 318.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 398 shares of the aerospace company’s stock worth $179,000 after buying an additional 303 shares in the last quarter. Grove Bank & Trust lifted its holdings in Elbit Systems by 1,900.0% in the 2nd quarter. Grove Bank & Trust now owns 200 shares of the aerospace company’s stock worth $90,000 after buying an additional 190 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in Elbit Systems in the 2nd quarter worth $1,710,000. Finally, HWG Holdings LP acquired a new position in Elbit Systems in the 2nd quarter worth $5,428,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America boosted their price objective on shares of Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Elbit Systems currently has a consensus rating of “Buy” and an average price target of $540.00.

Elbit Systems Trading Up 0.0%

Elbit Systems stock opened at $499.03 on Wednesday. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $470.63 and a two-hundred day moving average price of $428.44. The firm has a market capitalization of $22.18 billion, a price-to-earnings ratio of 56.64, a PEG ratio of 1.77 and a beta of 0.37. Elbit Systems Ltd. has a 52-week low of $193.73 and a 52-week high of $510.58.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.57 by $0.66. The firm had revenue of $1.97 billion during the quarter, compared to analyst estimates of $1.89 billion. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. During the same period in the previous year, the business posted $2.08 EPS. Sell-side analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. This is an increase from Elbit Systems’s previous quarterly dividend of $0.60. Elbit Systems’s dividend payout ratio (DPR) is currently 22.70%.

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.