Elbit Systems Ltd. $ESLT Stock: Mezzasalma Advisors LLC Boosts Position

Mezzasalma Advisors LLC raised its position in shares of Elbit Systems Ltd. (NASDAQ:ESLT) by 30.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,740 shares of the aerospace company’s stock after purchasing an additional 864 shares during the period. Mezzasalma Advisors LLC’s holdings in Elbit Systems were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new position in shares of Elbit Systems during the 3rd quarter valued at $293,000. Grove Bank & Trust raised its stake in Elbit Systems by 100.0% in the 3rd quarter. Grove Bank & Trust now owns 50 shares of the aerospace company’s stock valued at $34,000 after acquiring an additional 25 shares during the period. Farther Finance Advisors LLC raised its stake in Elbit Systems by 30.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 255 shares of the aerospace company’s stock valued at $174,000 after acquiring an additional 59 shares during the period. Plan A Wealth LLC lifted its holdings in Elbit Systems by 36.4% during the third quarter. Plan A Wealth LLC now owns 360 shares of the aerospace company’s stock valued at $246,000 after purchasing an additional 96 shares during the last quarter. Finally, Venture Visionary Partners LLC lifted its holdings in Elbit Systems by 4.3% during the third quarter. Venture Visionary Partners LLC now owns 600 shares of the aerospace company’s stock valued at $409,000 after purchasing an additional 25 shares during the last quarter. 17.88% of the stock is owned by hedge funds and other institutional investors.

Elbit Systems Price Performance

Shares of Elbit Systems stock traded up $33.71 on Wednesday, reaching $701.38. The stock had a trading volume of 163,103 shares, compared to its average volume of 121,533. Elbit Systems Ltd. has a 1 year low of $453.00 and a 1 year high of $1,016.06. The company has a market cap of $31.18 billion, a P/E ratio of 52.85, a price-to-earnings-growth ratio of 2.68 and a beta of 0.13. The company has a current ratio of 1.39, a quick ratio of 0.89 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $733.15 and its two-hundred day moving average is $788.47.

Elbit Systems (NASDAQ:ESLT) last released its quarterly earnings data on Tuesday, August 11th. The aerospace company reported $4.14 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.45. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.25 billion. Elbit Systems had a net margin of 7.44% and a return on equity of 16.66%. As a group, research analysts anticipate that Elbit Systems Ltd. will post 15.86 EPS for the current year.

Elbit Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Tuesday, October 13th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, October 13th. Elbit Systems’s payout ratio is 25.09%.

Wall Street Analysts Forecast Growth

ESLT has been the subject of several recent research reports. JPMorgan Chase & Co. reduced their target price on shares of Elbit Systems from $950.00 to $885.00 and set a “neutral” rating for the company in a research note on Wednesday, August 19th. Weiss Ratings upgraded shares of Elbit Systems from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen upgraded shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, September 26th. Morgan Stanley set a $845.00 price objective on shares of Elbit Systems in a report on Wednesday, July 15th. Finally, Jefferies Financial Group reduced their price objective on shares of Elbit Systems from $880.00 to $790.00 and set a “hold” rating for the company in a research note on Monday, October 5th. Five investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Elbit Systems presently has a consensus rating of “Hold” and an average target price of $840.00.

Elbit Systems Company Profile

Elbit Systems Ltd. is an Israel-based international defense technology company that develops and supplies integrated solutions for military, homeland security, and commercial aviation customers. Its offerings support airborne, land, naval, and command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR) applications.

The company’s products and services include unmanned aircraft systems, electro-optical and night-vision systems, electronic warfare and signals intelligence solutions, communications equipment, tactical radios, artillery and precision munitions, armored vehicle systems, and military training and simulation technologies.