CreativeOne Wealth LLC Makes New Investment in Elbit Systems Ltd. $ESLT

CreativeOne Wealth LLC purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 3,015 shares of the aerospace company’s stock, valued at approximately $1,355,000.

A number of other institutional investors have also made changes to their positions in ESLT. Envestnet Asset Management Inc. lifted its holdings in Elbit Systems by 7.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 4,037 shares of the aerospace company’s stock worth $1,548,000 after purchasing an additional 272 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Elbit Systems by 10.2% in the first quarter. TD Asset Management Inc now owns 10,139 shares of the aerospace company’s stock worth $3,877,000 after buying an additional 939 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Elbit Systems by 75.1% in the first quarter. LPL Financial LLC now owns 10,039 shares of the aerospace company’s stock worth $3,852,000 after buying an additional 4,307 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Elbit Systems during the 1st quarter worth $504,000. Finally, US Bancorp DE grew its stake in Elbit Systems by 12.9% in the 1st quarter. US Bancorp DE now owns 3,037 shares of the aerospace company’s stock valued at $1,165,000 after buying an additional 347 shares during the last quarter. 17.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ESLT has been the subject of a number of research analyst reports. Bank of America boosted their target price on shares of Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a research report on Tuesday, August 26th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Wall Street Zen raised Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. JPMorgan Chase & Co. began coverage on Elbit Systems in a report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 price target for the company. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $530.00.

Elbit Systems Price Performance

Shares of ESLT stock opened at $469.67 on Thursday. Elbit Systems Ltd. has a 12 month low of $243.18 and a 12 month high of $529.99. The company has a market capitalization of $20.88 billion, a P/E ratio of 53.31, a P/E/G ratio of 1.74 and a beta of 0.30. The stock has a 50 day moving average of $489.69 and a two-hundred day moving average of $460.55. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data 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. The business had revenue of $1.92 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%. As a group, equities analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current year.

Elbit Systems Announces Dividend

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

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.