Orser Capital Management LLC Invests $2.20 Million in Elbit Systems Ltd. $ESLT

Orser Capital Management LLC bought a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the second quarter, Holdings Channel reports. The fund bought 2,903 shares of the aerospace company’s stock, valued at approximately $2,203,000. Elbit Systems comprises about 1.1% of Orser Capital Management LLC’s investment portfolio, making the stock its 28th biggest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Elbit Systems by 709.3% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 88,075 shares of the aerospace company’s stock worth $50,948,000 after purchasing an additional 77,192 shares during the period. UBS Group AG increased its holdings in Elbit Systems by 35.5% in the fourth quarter. UBS Group AG now owns 126,864 shares of the aerospace company’s stock valued at $73,291,000 after purchasing an additional 33,235 shares during the period. Vanguard Group Inc. raised its position in Elbit Systems by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after purchasing an additional 13,406 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Elbit Systems by 8.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 17,235 shares of the aerospace company’s stock worth $10,202,000 after purchasing an additional 1,357 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Elbit Systems by 101.9% during the 4th quarter. HighTower Advisors LLC now owns 8,807 shares of the aerospace company’s stock worth $5,084,000 after buying an additional 4,444 shares during the period. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Elbit Systems Stock Down 0.8%

ESLT stock opened at $857.00 on Friday. The stock’s 50 day simple moving average is $797.67 and its 200 day simple moving average is $806.54. The company has a market cap of $38.09 billion, a P/E ratio of 69.39, a price-to-earnings-growth ratio of 3.67 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. Elbit Systems Ltd. has a fifty-two week low of $432.85 and a fifty-two week high of $1,016.06.

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

Elbit Systems Announces Dividend

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

About Elbit Systems

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.