Redhawk Wealth Advisors Inc. Acquires Shares of 3,804 Elbit Systems Ltd. $ESLT

Redhawk Wealth Advisors Inc. acquired a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the second quarter, Holdings Channel.com reports. The firm acquired 3,804 shares of the aerospace company’s stock, valued at approximately $1,710,000.

A number of other institutional investors have also modified their holdings of ESLT. Larson Financial Group LLC acquired a new stake in shares of Elbit Systems during the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. grew its position in shares of Elbit Systems by 232.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 153 shares of the aerospace company’s stock valued at $59,000 after acquiring an additional 107 shares during the period. SVB Wealth LLC acquired a new stake in shares of Elbit Systems during the 1st quarter valued at about $77,000. Plato Investment Management Ltd acquired a new stake in shares of Elbit Systems during the 1st quarter valued at about $87,000. Finally, National Bank of Canada FI grew its position in shares of Elbit Systems by 8.6% during the 1st quarter. National Bank of Canada FI now owns 393 shares of the aerospace company’s stock valued at $151,000 after acquiring an additional 31 shares during the period. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Trading Up 2.2%

ESLT stock opened at $490.63 on Friday. 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 Ltd. has a 12-month low of $188.53 and a 12-month high of $510.58. The stock has a market cap of $21.81 billion, a price-to-earnings ratio of 55.69, a PEG ratio of 1.71 and a beta of 0.37. The business’s 50-day moving average is $467.88 and its 200 day moving average is $424.91.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $2.57 by $0.66. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.89 billion. During the same period last year, the company posted $2.08 EPS. On average, sell-side analysts anticipate that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Tuesday, October 14th will be paid a $0.75 dividend. This is a positive change from Elbit Systems’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Tuesday, October 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.6%. Elbit Systems’s dividend payout ratio is 22.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ESLT shares. Wall Street Zen upgraded Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, August 30th. Bank of America raised their target price on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research report on Tuesday, August 26th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $540.00.

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.