Elbit Systems Ltd. (NASDAQ:ESLT) Given Consensus Rating of “Moderate Buy” by Analysts

Elbit Systems Ltd. (NASDAQ:ESLT) has received a consensus rating of “Moderate Buy” from the six ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $742.75.

ESLT has been the topic of several recent analyst reports. Zacks Research upgraded Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. lifted their price objective on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $950.00 price objective on shares of Elbit Systems in a report on Wednesday, May 27th.

Insider Activity at Elbit Systems

In other news, EVP Haim Daniel Delmar sold 7,654 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total transaction of $6,792,159.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Oren Yaacov Sabag sold 8,504 shares of the company’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $887.40, for a total value of $7,546,449.60. The SEC filing for this sale provides additional information. Insiders sold 69,736 shares of company stock valued at $61,883,726 over the last ninety days. Company insiders own 0.84% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ESLT. CoreCap Advisors LLC acquired a new position in shares of Elbit Systems during the fourth quarter worth about $26,000. WPG Advisers LLC acquired a new position in shares of Elbit Systems during the first quarter worth about $26,000. Optiver Holding B.V. acquired a new position in Elbit Systems during the first quarter valued at approximately $46,000. Wexford Capital LP acquired a new position in Elbit Systems during the third quarter valued at approximately $63,000. Finally, Leonteq Securities AG acquired a new position in Elbit Systems during the fourth quarter valued at approximately $68,000. 17.88% of the stock is owned by institutional investors and hedge funds.

Elbit Systems Trading Down 2.2%

NASDAQ:ESLT opened at $818.97 on Thursday. Elbit Systems has a fifty-two week low of $407.76 and a fifty-two week high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86. The stock has a market capitalization of $36.40 billion, a PE ratio of 66.31, a price-to-earnings-growth ratio of 3.41 and a beta of 0.14. The business’s 50-day simple moving average is $842.64 and its 200-day simple moving average is $741.20.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $2.98 by $0.89. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%.The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.14 billion. Sell-side analysts expect that Elbit Systems will post 15.94 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 6th. Stockholders of record on Tuesday, June 23rd will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, June 23rd. Elbit Systems’s dividend payout ratio is currently 26.96%.

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.