Nations Financial Group Inc. IA ADV Buys New Stake in Elbit Systems Ltd. $ESLT

Nations Financial Group Inc. IA ADV purchased a new position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,028 shares of the aerospace company’s stock, valued at approximately $1,722,000.

Other large investors have also recently added to or reduced their stakes in the company. CoreCap Advisors LLC acquired a new position in shares of Elbit Systems during the fourth quarter worth about $26,000. Wexford Capital LP purchased a new stake in shares of Elbit Systems during the 3rd quarter valued at about $63,000. Leonteq Securities AG purchased a new stake in shares of Elbit Systems during the 4th quarter valued at about $68,000. Hilton Head Capital Partners LLC acquired a new position in Elbit Systems during the 4th quarter worth approximately $69,000. Finally, Greenline Wealth Management LLC purchased a new position in Elbit Systems in the 4th quarter worth approximately $85,000. 17.88% of the stock is currently owned by institutional investors and hedge funds.

Elbit Systems Trading Down 1.7%

Shares of ESLT opened at $774.62 on Tuesday. The company has a market capitalization of $34.43 billion, a P/E ratio of 62.72, a P/E/G ratio of 3.36 and a beta of 0.14. Elbit Systems Ltd. has a one year low of $415.90 and a one year high of $1,016.06. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 1.41. The stock has a 50-day moving average price of $829.97 and a 200 day moving average price of $761.15.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings data 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 the consensus estimate of $2.14 billion. Sell-side analysts forecast that Elbit Systems Ltd. will post 15.23 EPS for the current fiscal year.

Elbit Systems Dividend Announcement

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

Insider Transactions at Elbit Systems

In other news, EVP Oren Yaacov Sabag sold 8,504 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 $7,546,449.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Bezhalel Machlis sold 25,514 shares of the 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,736 shares of company stock valued at $61,883,726 over the last ninety days. 0.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Zacks Research raised shares of Elbit Systems from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 13th. Jefferies Financial Group restated a “hold” rating and issued a $950.00 target price on shares of Elbit Systems in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their price target 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $742.75.

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.