Elbit Systems (NASDAQ:ESLT) Downgraded by StockNews.com

StockNews.com lowered shares of Elbit Systems (NASDAQ:ESLTFree Report) from a buy rating to a hold rating in a research report released on Monday.

Elbit Systems Price Performance

ESLT stock opened at $198.66 on Monday. The company has a quick ratio of 0.67, a current ratio of 1.14 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $202.80 and its 200 day simple moving average is $205.24. Elbit Systems has a 12-month low of $183.80 and a 12-month high of $225.64. The firm has a market cap of $8.83 billion, a price-to-earnings ratio of 41.13 and a beta of 0.55.

Elbit Systems (NASDAQ:ESLTGet Free Report) last announced its quarterly earnings data on Tuesday, March 26th. The aerospace company reported $1.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.18. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.53 billion. Elbit Systems had a return on equity of 10.16% and a net margin of 3.60%. During the same period in the previous year, the business earned $1.68 EPS. On average, analysts expect that Elbit Systems will post 6.33 earnings per share for the current year.

Elbit Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 6th. Investors of record on Wednesday, April 24th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.01%. The ex-dividend date was Tuesday, April 23rd. Elbit Systems’s dividend payout ratio is presently 34.37%.

Institutional Investors Weigh In On Elbit Systems

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its stake in shares of Elbit Systems by 1,566.7% in the 3rd quarter. Allworth Financial LP now owns 200 shares of the aerospace company’s stock valued at $40,000 after buying an additional 188 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in Elbit Systems by 56.8% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 232 shares of the aerospace company’s stock valued at $49,000 after acquiring an additional 84 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Elbit Systems by 61.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 272 shares of the aerospace company’s stock valued at $58,000 after acquiring an additional 104 shares in the last quarter. Janiczek Wealth Management LLC raised its position in shares of Elbit Systems by 53.8% during the first quarter. Janiczek Wealth Management LLC now owns 409 shares of the aerospace company’s stock worth $86,000 after purchasing an additional 143 shares during the period. Finally, Banque Cantonale Vaudoise lifted its holdings in shares of Elbit Systems by 122.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 500 shares of the aerospace company’s stock worth $99,000 after purchasing an additional 275 shares in the last quarter. 17.88% of the stock is owned by institutional investors.

Elbit Systems Company Profile

(Get Free Report)

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.

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