HWG Holdings LP Grows Stock Holdings in Elbit Systems Ltd. $ESLT

HWG Holdings LP lifted its holdings in Elbit Systems Ltd. (NASDAQ:ESLT) by 60.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,345 shares of the aerospace company’s stock after buying an additional 7,270 shares during the quarter. Elbit Systems comprises approximately 2.5% of HWG Holdings LP’s portfolio, making the stock its 13th largest holding. HWG Holdings LP’s holdings in Elbit Systems were worth $9,862,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in Elbit Systems by 11.2% in the 2nd quarter. Assetmark Inc. now owns 209 shares of the aerospace company’s stock valued at $94,000 after purchasing an additional 21 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in shares of Elbit Systems by 20.9% in the second quarter. SBI Securities Co. Ltd. now owns 185 shares of the aerospace company’s stock valued at $83,000 after buying an additional 32 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Elbit Systems by 0.3% during the 2nd quarter. Public Sector Pension Investment Board now owns 14,522 shares of the aerospace company’s stock valued at $6,460,000 after buying an additional 48 shares during the period. Janney Montgomery Scott LLC lifted its position in Elbit Systems by 8.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 647 shares of the aerospace company’s stock worth $291,000 after acquiring an additional 50 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in Elbit Systems in the 3rd quarter worth approximately $26,000. 17.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ESLT. Weiss Ratings reiterated a “buy (b-)” rating on shares of Elbit Systems in a research note on Monday, December 15th. JPMorgan Chase & Co. boosted their price objective on shares of Elbit Systems from $530.00 to $580.00 and gave the stock a “neutral” rating in a report on Friday. Zacks Research downgraded Elbit Systems from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Bank of America boosted their price target on Elbit Systems from $500.00 to $540.00 and gave the stock a “buy” rating in a research note on Tuesday, August 26th. Finally, Wall Street Zen lowered Elbit Systems from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $550.33.

Elbit Systems Trading Up 3.4%

Shares of NASDAQ ESLT opened at $572.99 on Tuesday. The company has a quick ratio of 0.76, a current ratio of 1.32 and a debt-to-equity ratio of 0.06. The stock’s 50 day moving average price is $489.29 and its two-hundred day moving average price is $474.46. Elbit Systems Ltd. has a 52-week low of $255.01 and a 52-week high of $573.32. The stock has a market capitalization of $25.47 billion, a P/E ratio of 58.23, a PEG ratio of 1.92 and a beta of 0.24.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings results on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.75 by $0.60. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%.The business had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.99 billion. On average, analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 5th. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, December 22nd. Elbit Systems’s dividend payout ratio is 25.41%.

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.