Elbit Systems (NASDAQ:ESLT) Shares Gap Up to $195.90

Elbit Systems Ltd. (NASDAQ:ESLT)’s stock price gapped up before the market opened on Monday . The stock had previously closed at $195.90, but opened at $205.35. Elbit Systems shares last traded at $204.53, with a volume of 10,951 shares changing hands.

Elbit Systems Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.67 and a debt-to-equity ratio of 0.13. The company’s 50-day moving average price is $207.57 and its two-hundred day moving average price is $204.92. The company has a market cap of $9.02 billion, a P/E ratio of 40.56 and a beta of 0.55.

Elbit Systems (NASDAQ:ESLT) last announced its quarterly earnings results on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.18. Elbit Systems had a net margin of 3.60% and a return on equity of 10.16%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the firm posted $1.68 EPS. As a group, equities analysts forecast that Elbit Systems Ltd. will post 6.33 earnings per share for the current year.

Elbit Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 6th. Investors of record on Wednesday, April 24th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 0.99%. Elbit Systems’s dividend payout ratio (DPR) is 34.37%.

Hedge Funds Weigh In On Elbit Systems

Several hedge funds and other institutional investors have recently bought and sold shares of ESLT. Bank of New York Mellon Corp boosted its stake in Elbit Systems by 10.9% in the first quarter. Bank of New York Mellon Corp now owns 54,176 shares of the aerospace company’s stock valued at $11,943,000 after acquiring an additional 5,319 shares during the last quarter. HighTower Advisors LLC lifted its position in Elbit Systems by 3.2% during the 1st quarter. HighTower Advisors LLC now owns 2,708 shares of the aerospace company’s stock valued at $598,000 after acquiring an additional 83 shares during the period. Citigroup Inc. increased its stake in Elbit Systems by 55.4% during the 1st quarter. Citigroup Inc. now owns 16,738 shares of the aerospace company’s stock valued at $3,671,000 after purchasing an additional 5,970 shares in the last quarter. Bank of Montreal Can increased its stake in Elbit Systems by 3.6% during the 1st quarter. Bank of Montreal Can now owns 7,262 shares of the aerospace company’s stock valued at $502,000 after purchasing an additional 250 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of Elbit Systems by 10.0% in the first quarter. BlackRock Inc. now owns 60,140 shares of the aerospace company’s stock worth $13,258,000 after acquiring an additional 5,468 shares during the period. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Company Profile

Elbit Systems Ltd. develops and supplies a portfolio of airborne, land, and naval systems and products for the defense, homeland security, and commercial aviation applications primarily in Israel. The company operates through Aerospace, C4I and Cyber, ISTAR and EW, Land, and Elbit Systems of America segments.