Elbit Systems Ltd. $ESLT Shares Bought by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC increased its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 1.6% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 111,859 shares of the aerospace company’s stock after buying an additional 1,738 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Elbit Systems were worth $50,281,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ESLT. Activest Wealth Management acquired a new stake in Elbit Systems in the second quarter worth approximately $28,000. Traub Capital Management LLC acquired a new position in shares of Elbit Systems during the 2nd quarter valued at $31,000. Montag A & Associates Inc. bought a new stake in shares of Elbit Systems in the 2nd quarter worth $68,000. SVB Wealth LLC acquired a new stake in shares of Elbit Systems in the first quarter valued at $77,000. Finally, SBI Securities Co. Ltd. lifted its holdings in shares of Elbit Systems by 20.9% in the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after buying an additional 32 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Trading Up 0.9%

Shares of ESLT opened at $515.24 on Friday. The business’s 50-day moving average price is $486.30 and its 200 day moving average price is $468.12. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $22.90 billion, a P/E ratio of 52.36, a P/E/G ratio of 1.79 and a beta of 0.24. Elbit Systems Ltd. has a 1-year low of $251.26 and a 1-year high of $529.99.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. The company had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. Elbit Systems had a net margin of 5.91% and a return on equity of 15.04%. Analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Investors of record on Monday, December 22nd will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. Elbit Systems’s dividend payout ratio (DPR) is currently 22.87%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ESLT shares. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Bank of America raised their price objective on shares of Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. Wall Street Zen downgraded shares of Elbit Systems from a “buy” rating to a “hold” rating in a report on Saturday. JPMorgan Chase & Co. assumed coverage on shares of Elbit Systems in a research note on Tuesday, September 30th. They set a “neutral” rating and a $520.00 target price for the company. Finally, Morgan Stanley started coverage on shares of Elbit Systems in a report on Thursday. They set an “equal weight” rating and a $531.00 target price for the company. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Elbit Systems currently has an average rating of “Hold” and an average target price of $530.33.

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.