Diversify Wealth Management LLC Invests $2.04 Million in Elbit Systems Ltd. $ESLT

Diversify Wealth Management LLC acquired a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the 1st quarter, Holdings Channel reports. The fund acquired 2,493 shares of the aerospace company’s stock, valued at approximately $2,043,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kestra Advisory Services LLC grew its holdings in shares of Elbit Systems by 0.3% during the first quarter. Kestra Advisory Services LLC now owns 6,610 shares of the aerospace company’s stock valued at $5,612,000 after buying an additional 18 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Elbit Systems by 2.5% during the fourth quarter. Captrust Financial Advisors now owns 741 shares of the aerospace company’s stock valued at $428,000 after acquiring an additional 18 shares in the last quarter. Cardinal Capital Management raised its holdings in Elbit Systems by 0.3% in the 4th quarter. Cardinal Capital Management now owns 7,889 shares of the aerospace company’s stock worth $4,558,000 after acquiring an additional 20 shares during the last quarter. Arax Advisory Partners raised its holdings in Elbit Systems by 25.0% in the 4th quarter. Arax Advisory Partners now owns 150 shares of the aerospace company’s stock worth $87,000 after acquiring an additional 30 shares during the last quarter. Finally, Greenleaf Trust lifted its position in Elbit Systems by 7.1% in the 4th quarter. Greenleaf Trust now owns 466 shares of the aerospace company’s stock valued at $269,000 after acquiring an additional 31 shares in the last quarter. 17.88% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ESLT shares. Jefferies Financial Group dropped their price objective on Elbit Systems from $950.00 to $880.00 and set a “hold” rating on the stock in a research report on Wednesday, June 24th. Zacks Research lowered Elbit Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. upped their target price on shares of Elbit Systems from $930.00 to $950.00 and gave the company a “neutral” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $725.25.

Elbit Systems Stock Performance

ESLT opened at $735.40 on Tuesday. The firm has a market cap of $32.69 billion, a P/E ratio of 59.55, a PEG ratio of 3.19 and a beta of 0.17. Elbit Systems Ltd. has a 1-year low of $422.84 and a 1-year high of $1,016.06. The company has a 50 day simple moving average of $798.54 and a two-hundred day simple moving average of $786.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.41 and a quick ratio of 0.86.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, May 26th. The aerospace company reported $3.87 earnings per share 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 firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.14 billion. Equities analysts forecast that Elbit Systems Ltd. will post 15.3 earnings per share for the current fiscal year.

Elbit Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 6th. Investors of record on Tuesday, June 23rd were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 0.5%. The ex-dividend date was Tuesday, June 23rd. Elbit Systems’s payout ratio is currently 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.