W.G. Shaheen & Associates DBA Whitney & Co Takes $1.24 Million Position in Elbit Systems Ltd. $ESLT

W.G. Shaheen & Associates DBA Whitney & Co bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,140 shares of the aerospace company’s stock, valued at approximately $1,236,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Elbit Systems by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock valued at $573,131,000 after purchasing an additional 13,406 shares during the period. Van ECK Associates Corp increased its position in Elbit Systems by 3,162.0% during the 3rd quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after purchasing an additional 628,236 shares during the period. Y.D. More Investments Ltd increased its position in Elbit Systems by 3.0% during the 4th quarter. Y.D. More Investments Ltd now owns 618,325 shares of the aerospace company’s stock valued at $356,345,000 after purchasing an additional 18,289 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Elbit Systems by 2.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock valued at $246,121,000 after purchasing an additional 12,003 shares during the period. Finally, Invesco Ltd. increased its position in Elbit Systems by 10.0% during the 3rd quarter. Invesco Ltd. now owns 370,911 shares of the aerospace company’s stock valued at $189,090,000 after purchasing an additional 33,619 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Insider Buying and Selling at Elbit Systems

In other news, EVP Oren Yaacov Sabag sold 8,504 shares of the firm’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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Haim Daniel Delmar sold 7,654 shares of the firm’s 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 69,736 shares of company stock worth $61,883,726. 0.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

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

Elbit Systems Price Performance

Shares of ESLT opened at $819.50 on Thursday. Elbit Systems Ltd. has a 12-month low of $369.60 and a 12-month high of $1,016.06. The business’s fifty day moving average is $868.12 and its 200 day moving average is $675.13. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.06. The stock has a market cap 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 (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, March 17th. The aerospace company reported $3.56 earnings per share for the quarter, beating the consensus estimate of $3.23 by $0.33. Elbit Systems had a return on equity of 15.53% and a net margin of 6.73%.The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Sell-side analysts anticipate that Elbit Systems Ltd. will post 15.47 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were paid a dividend of $1.00 per share. This is a boost from Elbit Systems’s previous quarterly dividend of $0.75. The ex-dividend date was Monday, April 13th. This represents a $4.00 annualized dividend and a yield of 0.5%. Elbit Systems’s dividend payout ratio (DPR) is 29.23%.

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.