Elbit Systems Ltd. $ESLT Shares Bought by West Family Investments Inc.

West Family Investments Inc. boosted its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 59.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,104 shares of the aerospace company’s stock after purchasing an additional 412 shares during the quarter. West Family Investments Inc.’s holdings in Elbit Systems were worth $496,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management purchased a new position in shares of Elbit Systems during the second quarter valued at approximately $28,000. Traub Capital Management LLC acquired a new position in Elbit Systems in the 2nd quarter valued at $31,000. Montag A & Associates Inc. purchased a new position in Elbit Systems during the second quarter worth about $68,000. SVB Wealth LLC acquired a new position in shares of Elbit Systems during the 1st quarter valued at about $77,000. Finally, SBI Securities Co. Ltd. increased its stake in shares of Elbit Systems by 20.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after acquiring an additional 32 shares during the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Performance

Elbit Systems stock opened at $470.00 on Friday. Elbit Systems Ltd. has a 52 week low of $243.18 and a 52 week high of $529.99. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.06. The stock has a market cap of $20.89 billion, a P/E ratio of 53.35, a price-to-earnings-growth ratio of 1.74 and a beta of 0.30. The stock has a 50 day moving average of $488.91 and a 200-day moving average of $461.79.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Tuesday, November 18th. The aerospace company reported $3.35 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $0.60. The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.99 billion. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%. On average, analysts expect that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 5th. Stockholders of record on Monday, December 22nd will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Monday, December 22nd. Elbit Systems’s payout ratio is 22.87%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ESLT. Bank of America boosted their price objective on shares of Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a research note on Tuesday, August 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Elbit Systems in a research report on Tuesday. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, October 25th. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, JPMorgan Chase & Co. initiated coverage on Elbit Systems in a report on Tuesday, September 30th. They set a “neutral” rating and a $520.00 target price on the stock. Two research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Elbit Systems presently has an average rating of “Moderate Buy” and an average target price of $530.00.

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.