Shares of Elbit Systems Ltd. (NASDAQ:ESLT) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus price target of $114.00 for the company, according to Zacks. Zacks has also given Elbit Systems an industry rank of 160 out of 265 based on the ratings given to its competitors.
ESLT has been the topic of several recent research reports. BidaskClub raised Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, June 9th. ValuEngine raised Elbit Systems from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th.
Elbit Systems (NASDAQ ESLT) traded down 0.49% on Friday, hitting $139.40. 30,734 shares of the company’s stock traded hands. Elbit Systems has a 12 month low of $91.20 and a 12 month high of $143.69. The stock has a 50 day moving average price of $132.63 and a 200-day moving average price of $123.52. The stock has a market cap of $5.96 billion, a P/E ratio of 24.98 and a beta of 0.62.
Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, August 15th. The aerospace company reported $1.61 earnings per share (EPS) for the quarter. The business had revenue of $818.30 million for the quarter. Elbit Systems had a return on equity of 16.38% and a net margin of 7.23%. Equities analysts predict that Elbit Systems will post $6.27 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Monday, September 18th. Investors of record on Friday, September 1st will be issued a dividend of $0.44 per share. The ex-dividend date is Wednesday, August 30th. This is a positive change from Elbit Systems’s previous dividend of $0.37. Elbit Systems’s dividend payout ratio is presently 31.54%.
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A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its holdings in Elbit Systems by 31.9% during the 2nd quarter. FMR LLC now owns 1,671,496 shares of the aerospace company’s stock valued at $206,581,000 after buying an additional 404,369 shares during the period. Vanguard Group Inc. raised its holdings in Elbit Systems by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 526,881 shares of the aerospace company’s stock valued at $65,202,000 after buying an additional 32,258 shares during the period. Gilder Gagnon Howe & Co. LLC purchased a new stake in Elbit Systems during the 1st quarter valued at $31,500,000. TimesSquare Capital Management LLC purchased a new stake in Elbit Systems during the 1st quarter valued at $27,390,000. Finally, Renaissance Technologies LLC raised its holdings in Elbit Systems by 5.6% during the 1st quarter. Renaissance Technologies LLC now owns 199,235 shares of the aerospace company’s stock valued at $22,643,000 after buying an additional 10,500 shares during the period. Institutional investors own 11.13% of the company’s stock.
About Elbit Systems
Elbit Systems Ltd. is an international technology company engaged in a range of programs across the world. The Company develops and supplies a portfolio of airborne, land and naval systems and products for defense, homeland security and commercial aviation applications. Its systems and products are installed on new platforms, and it also performs platform modernization programs.
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