StockNews.com Upgrades Elbit Systems (NASDAQ:ESLT) to “Strong-Buy”

StockNews.com upgraded shares of Elbit Systems (NASDAQ:ESLT) from a buy rating to a strong-buy rating in a report issued on Wednesday.

Elbit Systems Trading Down 1.0 %

Shares of NASDAQ:ESLT opened at $181.20 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.66 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $8.05 billion, a PE ratio of 35.67 and a beta of 0.53. Elbit Systems has a 1 year low of $175.30 and a 1 year high of $225.64. The firm has a fifty day moving average price of $185.02 and a 200 day moving average price of $198.13.

Elbit Systems (NASDAQ:ESLT) last issued its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $1.81 EPS for the quarter, beating analysts’ consensus estimates of $1.60 by $0.21. Elbit Systems had a return on equity of 10.14% and a net margin of 3.70%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $1.70 EPS. Analysts expect that Elbit Systems will post 7.45 EPS for the current fiscal year.

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Tuesday, June 18th were paid a $0.50 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $2.00 dividend on an annualized basis and a yield of 1.10%. Elbit Systems’s payout ratio is presently 32.68%.

Institutional Investors Weigh In On Elbit Systems

Hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of Elbit Systems by 12.2% in the fourth quarter. Quadrant Capital Group LLC now owns 624 shares of the aerospace company’s stock worth $133,000 after purchasing an additional 68 shares during the period. TD Asset Management Inc lifted its holdings in shares of Elbit Systems by 0.8% during the second quarter. TD Asset Management Inc now owns 8,839 shares of the aerospace company’s stock worth $1,545,000 after buying an additional 73 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of 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. Parallel Advisors LLC grew its stake in shares of Elbit Systems by 21.2% in the fourth quarter. Parallel Advisors LLC now owns 537 shares of the aerospace company’s stock worth $114,000 after acquiring an additional 94 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Elbit Systems by 61.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 272 shares of the aerospace company’s stock worth $58,000 after acquiring an additional 104 shares during the period. 17.88% of the stock is currently owned by institutional investors.

Elbit Systems Company Profile

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.