Systematic Financial Management LP Reduces Position in Elbit Systems Ltd. $ESLT

Systematic Financial Management LP lessened its holdings in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,113 shares of the aerospace company’s stock after selling 2,712 shares during the quarter. Systematic Financial Management LP owned approximately 0.07% of Elbit Systems worth $17,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. CoreCap Advisors LLC purchased a new position in shares of Elbit Systems during the 4th quarter worth $26,000. Wexford Capital LP purchased a new position in shares of Elbit Systems during the 3rd quarter valued at $63,000. Leonteq Securities AG purchased a new position in shares of Elbit Systems during the 4th quarter valued at $68,000. Smartleaf Asset Management LLC lifted its stake in shares of Elbit Systems by 24.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 194 shares of the aerospace company’s stock valued at $97,000 after buying an additional 38 shares in the last quarter. Finally, Montag A & Associates Inc. lifted its stake in shares of Elbit Systems by 27.8% during the 3rd quarter. Montag A & Associates Inc. now owns 193 shares of the aerospace company’s stock valued at $98,000 after buying an additional 42 shares in the last quarter. Hedge funds and other institutional investors own 17.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Zacks Research upgraded shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 13th. JPMorgan Chase & Co. lifted their target price on shares of Elbit Systems from $580.00 to $930.00 and gave the company a “neutral” rating in a research note on Monday, April 13th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $667.00.

Elbit Systems Stock Up 0.5%

Shares of ESLT stock opened at $767.82 on Friday. The stock has a market cap of $34.13 billion, a P/E ratio of 67.59, a PEG ratio of 3.22 and a beta of 0.14. Elbit Systems Ltd. has a 52 week low of $373.17 and a 52 week high of $1,016.06. 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 company’s fifty day simple moving average is $859.34 and its two-hundred day simple moving average is $706.64.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, March 17th. The aerospace company reported $3.56 EPS for the quarter, topping the consensus estimate of $3.23 by $0.33. The business had revenue of $2.15 billion for the quarter, compared to analysts’ expectations of $2.09 billion. Elbit Systems had a net margin of 6.73% and a return on equity of 15.53%. Analysts predict that Elbit Systems Ltd. will post 15.47 EPS for the current fiscal year.

Elbit Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were issued a $1.00 dividend. 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 dividend on an annualized basis and a dividend yield of 0.5%. Elbit Systems’s payout ratio is presently 29.23%.

Insider Transactions at Elbit Systems

In other news, EVP Jonathan Ariel sold 7,654 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $887.40, for a total value of $6,792,159.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Bezhalel Machlis sold 25,514 shares of the business’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 $22,641,123.60. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 69,736 shares of company stock worth $61,883,726. 0.84% of the stock is currently owned by corporate insiders.

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.