1,700 Shares in Elbit Systems Ltd. $ESLT Acquired by Krane Financial Solutions LLC

Krane Financial Solutions LLC acquired a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 1,700 shares of the aerospace company’s stock, valued at approximately $1,443,000. Elbit Systems comprises approximately 1.0% of Krane Financial Solutions LLC’s portfolio, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of ESLT. Clal Insurance Enterprises Holdings Ltd increased its position in shares of Elbit Systems by 4.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,619,783 shares of the aerospace company’s stock worth $1,351,958,000 after acquiring an additional 69,165 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Elbit Systems by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock valued at $573,131,000 after acquiring an additional 13,406 shares in the last quarter. Y.D. More Investments Ltd boosted its stake in Elbit Systems by 3.0% in the 4th quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock worth $356,345,000 after purchasing an additional 18,289 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Elbit Systems by 2.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock worth $246,121,000 after purchasing an additional 12,003 shares during the period. Finally, Meitav Investment House Ltd. grew its position in Elbit Systems by 8.9% during the 1st quarter. Meitav Investment House Ltd. now owns 397,089 shares of the aerospace company’s stock worth $332,985,000 after purchasing an additional 32,617 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Performance

Shares of ESLT opened at $808.65 on Friday. The company has a market capitalization of $35.94 billion, a PE ratio of 65.48, a PEG ratio of 3.43 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41. The company’s 50 day moving average price is $796.49 and its 200 day moving average price is $802.21. Elbit Systems Ltd. has a 52 week low of $432.85 and a 52 week high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.14 billion. Elbit Systems had a net margin of 7.14% and a return on equity of 16.15%. Research analysts expect that Elbit Systems Ltd. will post 15.3 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 23rd were issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Tuesday, June 23rd. Elbit Systems’s dividend payout ratio (DPR) is currently 26.96%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ESLT. Morgan Stanley set a $845.00 target price on shares of Elbit Systems in a research note on Wednesday, July 15th. Jefferies Financial Group lowered their price target on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a report on Wednesday, June 24th. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. increased their price objective on Elbit Systems from $930.00 to $950.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $803.75.

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.