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

Heard Capital LLC lifted its stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 1.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 195,398 shares of the aerospace company’s stock after buying an additional 2,627 shares during the quarter. Elbit Systems comprises about 4.6% of Heard Capital LLC’s portfolio, making the stock its 11th largest holding. Heard Capital LLC’s holdings in Elbit Systems were worth $87,831,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Activest Wealth Management bought a new position in Elbit Systems in the 2nd quarter valued at about $28,000. Traub Capital Management LLC acquired a new position in Elbit Systems in the 2nd quarter valued at $31,000. Montag A & Associates Inc. bought a new stake in Elbit Systems during the second quarter worth about $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. raised its holdings in shares of Elbit Systems by 20.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $83,000 after buying an additional 32 shares in the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on ESLT shares. Bank of America raised their target price 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. Morgan Stanley assumed coverage on shares of Elbit Systems in a research report on Thursday. They set an “equal weight” rating and a $531.00 price objective for the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a report on Monday, December 1st. JPMorgan Chase & Co. started coverage on Elbit Systems in a research report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 target price on the stock. Finally, Wall Street Zen lowered Elbit Systems from a “buy” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $530.33.

Elbit Systems Stock Up 0.9%

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

Elbit Systems (NASDAQ:ESLT) last announced 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. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The firm had revenue of $1.92 billion during the quarter, compared to analysts’ expectations of $1.99 billion. On average, research analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be paid a $0.75 dividend. 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 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.