Janney Montgomery Scott LLC Buys Shares of 597 Elbit Systems Ltd. (NASDAQ:ESLT)

Janney Montgomery Scott LLC bought a new stake in shares of Elbit Systems Ltd. (NASDAQ:ESLT) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 597 shares of the aerospace company’s stock, valued at approximately $229,000.

A number of other large investors have also recently bought and sold shares of the stock. Hurley Capital LLC acquired a new stake in shares of Elbit Systems during the fourth quarter worth $26,000. Prestige Wealth Management Group LLC boosted its holdings in shares of Elbit Systems by 150.0% during the fourth quarter. Prestige Wealth Management Group LLC now owns 125 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 75 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of Elbit Systems by 196.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 160 shares of the aerospace company’s stock worth $41,000 after purchasing an additional 106 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in shares of Elbit Systems during the fourth quarter worth $73,000. Finally, Brighton Jones LLC acquired a new stake in shares of Elbit Systems during the first quarter worth $206,000. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Trading Down 0.2%

Shares of ESLT opened at $434.53 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $19.31 billion, a P/E ratio of 55.14 and a beta of 0.33. The stock’s fifty day simple moving average is $414.36 and its 200 day simple moving average is $360.13. Elbit Systems Ltd. has a twelve month low of $177.85 and a twelve month high of $476.04.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Tuesday, May 20th. The aerospace company reported $2.57 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.27. The business had revenue of $1.90 billion for the quarter, compared to analyst estimates of $1.69 billion. Elbit Systems had a return on equity of 13.49% and a net margin of 4.95%. During the same period last year, the company posted $1.81 EPS. On average, equities research analysts forecast that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Tuesday, June 24th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Tuesday, June 24th. Elbit Systems’s dividend payout ratio (DPR) is currently 25.38%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Elbit Systems from a “buy” rating to a “strong-buy” rating in a report on Sunday, June 22nd.

About Elbit Systems

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.