Elbit Systems Ltd. $ESLT Position Raised by HWG Holdings LP

HWG Holdings LP lifted its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 9.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,268 shares of the aerospace company’s stock after acquiring an additional 1,923 shares during the period. Elbit Systems accounts for approximately 3.0% of HWG Holdings LP’s investment portfolio, making the stock its 10th biggest holding. HWG Holdings LP’s holdings in Elbit Systems were worth $12,287,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Daymark Wealth Partners LLC acquired a new position in shares of Elbit Systems in the fourth quarter valued at about $203,000. Assenagon Asset Management S.A. raised its stake in shares of Elbit Systems by 15.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,435 shares of the aerospace company’s stock worth $827,000 after purchasing an additional 191 shares during the last quarter. 180 Wealth Advisors LLC acquired a new stake in shares of Elbit Systems during the fourth quarter worth about $237,000. Tudor Investment Corp ET AL lifted its holdings in shares of Elbit Systems by 27.0% during the third quarter. Tudor Investment Corp ET AL now owns 1,049 shares of the aerospace company’s stock worth $535,000 after purchasing an additional 223 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its position in Elbit Systems by 188.2% in the third quarter. CIBC Private Wealth Group LLC now owns 343 shares of the aerospace company’s stock valued at $175,000 after buying an additional 224 shares during the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of NASDAQ ESLT opened at $911.90 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29. The firm has a fifty day moving average of $779.08 and a 200 day moving average of $609.33. The firm has a market cap of $40.53 billion, a PE ratio of 80.27, a PEG ratio of 2.63 and a beta of 0.22. Elbit Systems Ltd. has a one year low of $354.68 and a one year high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.23 by $0.33. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.09 billion. As a group, research analysts predict that Elbit Systems Ltd. will post 8.05 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 13th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, April 13th. This represents a $4.00 dividend on an annualized basis and a yield of 0.4%. This is a boost from Elbit Systems’s previous quarterly dividend of $0.75. Elbit Systems’s dividend payout ratio is 19.81%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ESLT. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a report on Friday, December 19th. Weiss Ratings reiterated a “buy (b)” rating on shares of Elbit Systems in a research note on Monday, December 29th. Finally, Morgan Stanley started coverage on shares of Elbit Systems in a report on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price for the company. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Elbit Systems presently has an average rating of “Hold” and an average price target of $550.33.

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.