Henry James International Management Inc. Reduces Stock Holdings in Elbit Systems Ltd. $ESLT

Henry James International Management Inc. cut its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 38.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,513 shares of the aerospace company’s stock after selling 8,601 shares during the quarter. Elbit Systems comprises 2.0% of Henry James International Management Inc.’s holdings, making the stock its 13th largest position. Henry James International Management Inc.’s holdings in Elbit Systems were worth $6,074,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in ESLT. Activest Wealth Management acquired a new position in shares of Elbit Systems during the second quarter valued at about $28,000. Traub Capital Management LLC acquired a new position in Elbit Systems during the 2nd quarter valued at approximately $31,000. Montag A & Associates Inc. purchased a new position in shares of Elbit Systems in the second quarter worth $68,000. SVB Wealth LLC acquired a new stake in shares of Elbit Systems during the first quarter worth $77,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Elbit Systems by 20.9% during the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock worth $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 NASDAQ:ESLT opened at $515.24 on Friday. Elbit Systems Ltd. has a 12-month low of $251.26 and a 12-month high of $529.99. The company has a market capitalization of $22.90 billion, a PE ratio of 52.36, a PEG ratio of 1.79 and a beta of 0.24. The business has a 50 day moving average of $486.30 and a two-hundred day moving average of $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.

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

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be given a $0.75 dividend. 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 22.87%.

Analyst Ratings Changes

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

Elbit Systems 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.