Elbit Systems (NASDAQ:ESLT) EVP Yoram Shmuely Sells 7,654 Shares of Stock

Elbit Systems Ltd. (NASDAQ:ESLT) EVP Yoram Shmuely sold 7,654 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $6,792,159.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Elbit Systems Trading Up 0.9%

ESLT stock opened at $928.47 on Friday. The firm has a fifty day moving average price of $816.30 and a 200 day moving average price of $638.55. Elbit Systems Ltd. has a fifty-two week low of $369.00 and a fifty-two week high of $1,016.06. The firm has a market cap of $41.27 billion, a PE ratio of 81.73, a price-to-earnings-growth ratio of 2.70 and a beta of 0.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.23 by $0.33. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%.The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. Sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Monday, April 13th will be paid a dividend of $1.00 per share. This is an increase from Elbit Systems’s previous quarterly dividend of $0.75. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, April 13th. Elbit Systems’s payout ratio is presently 19.81%.

Institutional Investors Weigh In On Elbit Systems

Institutional investors have recently bought and sold shares of the company. Citizens Financial Group Inc. RI acquired a new position in shares of Elbit Systems during the third quarter worth $730,000. Pinpoint Asset Management Singapore Pte. Ltd. boosted its position in shares of Elbit Systems by 296.0% in the 3rd quarter. Pinpoint Asset Management Singapore Pte. Ltd. now owns 6,970 shares of the aerospace company’s stock worth $3,553,000 after purchasing an additional 5,210 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new position in Elbit Systems during the 3rd quarter valued at about $824,000. ARK Investment Management LLC increased its position in Elbit Systems by 11.6% during the 3rd quarter. ARK Investment Management LLC now owns 53,569 shares of the aerospace company’s stock valued at $27,309,000 after buying an additional 5,550 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in Elbit Systems by 3,162.0% in the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after buying an additional 628,236 shares during the last quarter. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on ESLT shares. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. JPMorgan Chase & Co. lifted their target price on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research report on Friday, December 19th. Morgan Stanley started coverage on Elbit Systems in a report on Thursday, December 11th. They issued an “equal weight” rating and a $531.00 target price for the company. Finally, Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $550.33.

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.