5th Street Advisors LLC Buys New Shares in Elbit Systems Ltd. $ESLT

5th Street Advisors LLC purchased a new position in Elbit Systems Ltd. (NASDAQ:ESLT) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 624 shares of the aerospace company’s stock, valued at approximately $360,000.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Elbit Systems during the 4th quarter valued at about $26,000. Financial Consulate Inc. bought a new position in shares of Elbit Systems during the 3rd quarter valued at approximately $60,000. Wexford Capital LP purchased a new stake in Elbit Systems in the 3rd quarter worth approximately $63,000. Smartleaf Asset Management LLC raised its stake in Elbit Systems by 24.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock worth $97,000 after acquiring an additional 38 shares during the period. Finally, Montag A & Associates Inc. raised its stake in Elbit Systems by 27.8% during the 3rd quarter. Montag A & Associates Inc. now owns 193 shares of the aerospace company’s stock worth $98,000 after acquiring an additional 42 shares during the period. Institutional investors own 17.88% of the company’s stock.

Insider Activity

In other Elbit Systems news, EVP Yoram Shmuely sold 7,654 shares of Elbit Systems stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total value of $6,792,159.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Oren Yaacov Sabag sold 8,504 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 $7,546,449.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 69,736 shares of company stock valued at $61,883,726 in the last quarter. Company insiders own 0.84% of the company’s stock.

Elbit Systems Stock Performance

NASDAQ:ESLT opened at $819.50 on Thursday. The stock has a 50-day moving average price of $868.12 and a 200 day moving average price of $675.13. The stock has a market capitalization of $36.43 billion, a P/E ratio of 72.14, a P/E/G ratio of 3.44 and a beta of 0.16. Elbit Systems Ltd. has a 12-month low of $369.60 and a 12-month high of $1,016.06. 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 (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, topping 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 company had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Equities research analysts forecast that Elbit Systems Ltd. will post 15.47 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 0.5%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Monday, April 13th. Elbit Systems’s payout ratio is presently 29.23%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ESLT. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Zacks Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Elbit Systems from $580.00 to $930.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $667.00.

Elbit Systems 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.