Elbit Systems (NASDAQ:ESLT) Stock Price Down 3.1%

Elbit Systems Ltd. (NASDAQ:ESLT – Get Rating) shares dropped 3.1% during trading on Tuesday . The company traded as low as $197.29 and last traded at $197.29. Approximately 3,525 shares changed hands during mid-day trading, a decline of 89% from the average daily volume of 31,812 shares. The stock had previously closed at $203.60.

Analysts Set New Price Targets

ESLT has been the subject of a number of analyst reports. StockNews.com cut Elbit Systems from a “buy” rating to a “hold” rating in a research report on Monday, May 15th. TheStreet upgraded Elbit Systems from a “c+” rating to a “b-” rating in a research report on Tuesday, March 14th.

Elbit Systems Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.18 and a quick ratio of 0.72. The firm has a 50-day moving average of $182.61 and a 200-day moving average of $176.59. The stock has a market cap of $8.57 billion, a PE ratio of 31.34 and a beta of 0.58.

Elbit Systems (NASDAQ:ESLT – Get Rating) last released its earnings results on Tuesday, March 28th. The aerospace company reported $1.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.86 by ($0.18). Elbit Systems had a return on equity of 10.26% and a net margin of 5.00%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Research analysts predict that Elbit Systems Ltd. will post 7.65 EPS for the current year.

Elbit Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 1st. Investors of record on Tuesday, April 18th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, April 17th. Elbit Systems’s dividend payout ratio is currently 26.86%.

Institutional Trading of Elbit Systems

Institutional investors have recently made changes to their positions in the business. Ronald Blue Trust Inc. grew its position in shares of Elbit Systems by 182.2% during the fourth quarter. Ronald Blue Trust Inc. now owns 127 shares of the aerospace company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. CoreCap Advisors LLC bought a new position in Elbit Systems during the fourth quarter valued at approximately $29,000. Y.D. More Investments Ltd bought a new position in Elbit Systems during the fourth quarter valued at approximately $33,000. EverSource Wealth Advisors LLC boosted its stake in Elbit Systems by 2,985.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 216 shares of the aerospace company’s stock valued at $35,000 after buying an additional 209 shares during the last quarter. Finally, Spire Wealth Management bought a new position in Elbit Systems during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 18.83% of the company’s stock.

Elbit Systems Company Profile

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Elbit Systems Ltd. engages in the defense and homeland security sector. It develops and supplies airborne, land and naval systems and products for defense, homeland security, and commercial applications. The firm also provides training and support services. The company was founded in 1996 and is headquartered in Haifa, Israel.