J.W. Cole Advisors Inc. Buys Shares of 1,492 Elbit Systems Ltd. $ESLT

J.W. Cole Advisors Inc. purchased a new stake in Elbit Systems Ltd. (NASDAQ:ESLT) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,492 shares of the aerospace company’s stock, valued at approximately $761,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. USA Financial Formulas bought a new stake in Elbit Systems during the third quarter valued at $26,000. Activest Wealth Management acquired a new position in shares of Elbit Systems in the 2nd quarter valued at about $28,000. Traub Capital Management LLC bought a new stake in shares of Elbit Systems during the 2nd quarter valued at about $31,000. Financial Consulate Inc. bought a new stake in shares of Elbit Systems during the 3rd quarter valued at about $60,000. Finally, Montag A & Associates Inc. acquired a new stake in Elbit Systems during the second quarter worth about $68,000. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Stock Performance

NASDAQ:ESLT opened at $670.81 on Tuesday. The company has a 50-day moving average of $620.93 and a 200-day moving average of $531.01. The firm has a market cap of $29.56 billion, a price-to-earnings ratio of 68.17, a price-to-earnings-growth ratio of 2.02 and a beta of 0.22. The company has a current ratio of 1.32, a quick ratio of 0.76 and a debt-to-equity ratio of 0.06. Elbit Systems Ltd. has a twelve month low of $294.99 and a twelve month high of $740.67.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, November 18th. The aerospace company reported $3.35 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.60. The business had revenue of $1.92 billion during the quarter, compared to analyst estimates of $1.99 billion. Elbit Systems had a return on equity of 15.04% and a net margin of 5.91%. Analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 5th. Shareholders of record on Monday, December 22nd were given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Monday, December 22nd. Elbit Systems’s dividend payout ratio is presently 22.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on Elbit Systems from $530.00 to $580.00 and gave the company a “neutral” rating in a research note on Friday, December 19th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Morgan Stanley started coverage on shares of Elbit Systems in a research note on Thursday, December 11th. They set an “equal weight” rating and a $531.00 target price for the company. Weiss Ratings restated a “buy (b)” rating on shares of Elbit Systems in a research report on Monday, December 29th. Finally, Zacks Research cut Elbit Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $550.33.

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.