Cvfg LLC Takes $5.51 Million Position in Elbit Systems Ltd. $ESLT

Cvfg LLC bought a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,488 shares of the aerospace company’s stock, valued at approximately $5,509,000.

A number of other institutional investors have also recently bought and sold shares of ESLT. Clal Insurance Enterprises Holdings Ltd raised its stake in Elbit Systems by 34.4% in the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,550,618 shares of the aerospace company’s stock valued at $893,941,000 after buying an additional 397,049 shares during the period. Vanguard Group Inc. boosted its stake in shares of Elbit Systems by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock worth $573,131,000 after acquiring an additional 13,406 shares during the period. Van ECK Associates Corp increased its holdings in shares of 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 worth $330,404,000 after acquiring an additional 628,236 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Elbit Systems by 3.0% in 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 acquiring an additional 18,289 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings 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 last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Insider Activity at Elbit Systems

In related news, CEO Bezhalel Machlis sold 25,514 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $22,641,123.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Haim Daniel Delmar sold 7,654 shares of Elbit Systems stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $887.40, for a total transaction of $6,792,159.60. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 69,736 shares of company stock worth $61,883,726 in the last 90 days. Corporate insiders own 0.84% of the company’s stock.

Elbit Systems Price Performance

Elbit Systems stock opened at $777.93 on Wednesday. The firm has a market cap of $34.58 billion, a PE ratio of 62.99, a price-to-earnings-growth ratio of 3.44 and a beta of 0.17. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86. The stock’s fifty day moving average price is $804.23 and its two-hundred day moving average price is $781.47. Elbit Systems Ltd. has a one year low of $422.84 and a one year high of $1,016.06.

Elbit Systems (NASDAQ:ESLT) last released its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.98 by $0.89. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%.The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.14 billion. As a group, research analysts expect that Elbit Systems Ltd. will post 15.3 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 6th. Shareholders of record on Tuesday, June 23rd were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Tuesday, June 23rd. Elbit Systems’s dividend payout ratio (DPR) is currently 26.96%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on ESLT shares. JPMorgan Chase & Co. upped their price objective on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Jefferies Financial Group cut their target price on shares of Elbit Systems from $950.00 to $880.00 and set a “hold” rating for the company in a research note on Wednesday, June 24th. Finally, Zacks Research downgraded shares of Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 24th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Elbit Systems has a consensus rating of “Hold” and an average price target of $725.25.

About Elbit Systems

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.