Heard Capital LLC Purchases 2,627 Shares of Elbit Systems Ltd. $ESLT

Heard Capital LLC boosted its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,398 shares of the aerospace company’s stock after acquiring an additional 2,627 shares during the period. Elbit Systems makes up approximately 4.6% of Heard Capital LLC’s investment portfolio, making the stock its 11th largest holding. Heard Capital LLC owned 0.44% of Elbit Systems worth $87,831,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Activest Wealth Management acquired a new stake in shares of Elbit Systems during the second quarter worth about $28,000. Traub Capital Management LLC bought a new stake in Elbit Systems during the 2nd quarter worth approximately $31,000. Montag A & Associates Inc. acquired a new stake in Elbit Systems during the 2nd quarter worth approximately $68,000. SVB Wealth LLC bought a new position in Elbit Systems in the first quarter valued at approximately $77,000. Finally, SBI Securities Co. Ltd. lifted its stake in 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 in the last quarter. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Trading Up 0.9%

Shares of NASDAQ:ESLT opened at $515.24 on Friday. The company’s 50-day moving average price is $486.30 and its two-hundred day moving average price is $468.12. Elbit Systems Ltd. has a one year low of $251.26 and a one year high of $529.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.32 and a quick ratio of 0.76. The stock has a market capitalization of $22.90 billion, a PE ratio of 52.36, a price-to-earnings-growth ratio of 1.79 and a beta of 0.24.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The business had revenue of $1.92 billion for the quarter, compared to the consensus estimate of $1.99 billion. On average, equities analysts forecast that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. JPMorgan Chase & Co. started coverage on shares of Elbit Systems in a research report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price objective for the company. Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 1st. Morgan Stanley assumed coverage on Elbit Systems in a research report on Thursday. They set an “equal weight” rating and a $531.00 price objective for the company. Finally, Bank of America increased their price objective on Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Elbit Systems has an average rating of “Hold” and a consensus target price of $530.33.

About Elbit Systems

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.