Elbit Systems Ltd. (NASDAQ:ESLT) Receives $742.75 Consensus Target Price from Brokerages

Elbit Systems Ltd. (NASDAQ:ESLT) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $742.75.

A number of research analysts have weighed in on ESLT shares. Zacks Research raised Elbit Systems from a “hold” rating to a “strong-buy” rating in a report on Monday, April 13th. JPMorgan Chase & Co. increased their target price on Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $950.00 target price on shares of Elbit Systems in a report on Wednesday, May 27th.

Insider Activity at Elbit Systems

In related news, EVP Oren Yaacov Sabag sold 8,504 shares of Elbit Systems 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Haim Daniel Delmar sold 7,654 shares of Elbit Systems 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. The SEC filing for this sale provides additional information. Insiders sold 69,736 shares of company stock valued at $61,883,726 in the last ninety days. Corporate insiders own 0.84% of the company’s stock.

Hedge Funds Weigh In On Elbit Systems

Several large investors have recently made changes to their positions in the business. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Elbit Systems by 4.5% in the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,619,783 shares of the aerospace company’s stock valued at $1,351,958,000 after acquiring an additional 69,165 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Elbit Systems by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 998,267 shares of the aerospace company’s stock valued at $573,131,000 after acquiring an additional 13,406 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Elbit Systems by 3,162.0% in the third quarter. Van ECK Associates Corp now owns 648,104 shares of the aerospace company’s stock valued at $330,404,000 after acquiring an additional 628,236 shares in the last quarter. Y.D. More Investments Ltd lifted its position in shares of Elbit Systems by 3.0% in the fourth 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of Elbit Systems by 2.5% in the third quarter. Arrowstreet Capital Limited Partnership now owns 483,842 shares of the aerospace company’s stock valued at $246,121,000 after acquiring an additional 12,003 shares in the last quarter. 17.88% of the stock is currently owned by hedge funds and other institutional investors.

Elbit Systems Stock Up 0.8%

Elbit Systems stock opened at $830.16 on Thursday. The firm has a market cap of $36.90 billion, a price-to-earnings ratio of 67.22, a PEG ratio of 3.35 and a beta of 0.14. The stock has a fifty day simple moving average of $843.24 and a two-hundred day simple moving average of $736.22. Elbit Systems has a 12 month low of $407.76 and a 12 month high of $1,016.06. The company has a current ratio of 1.41, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06.

Elbit Systems (NASDAQ:ESLT) last posted its earnings results on Tuesday, May 26th. The aerospace company reported $3.87 EPS for the quarter, topping analysts’ consensus estimates of $2.98 by $0.89. Elbit Systems had a return on equity of 16.15% and a net margin of 7.14%.The business had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Equities analysts predict that Elbit Systems will post 15.94 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Tuesday, June 23rd will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, June 23rd. This represents a $4.00 annualized dividend and a yield of 0.5%. Elbit Systems’s payout ratio is 26.96%.

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.