Elbit Systems Ltd. $ESLT Shares Acquired by Amundi

Amundi boosted its position in Elbit Systems Ltd. (NASDAQ:ESLT) by 12.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 13,332 shares of the aerospace company’s stock after purchasing an additional 1,467 shares during the quarter. Amundi’s holdings in Elbit Systems were worth $5,202,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its stake in Elbit Systems by 8.6% in the 1st quarter. National Bank of Canada FI now owns 393 shares of the aerospace company’s stock valued at $151,000 after purchasing an additional 31 shares during the last quarter. Townsquare Capital LLC raised its stake in Elbit Systems by 5.3% in the 1st quarter. Townsquare Capital LLC now owns 878 shares of the aerospace company’s stock valued at $337,000 after purchasing an additional 44 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Elbit Systems by 3.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 1,498 shares of the aerospace company’s stock valued at $575,000 after purchasing an additional 55 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC raised its stake in Elbit Systems by 2.9% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,094 shares of the aerospace company’s stock valued at $540,000 after purchasing an additional 60 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake in Elbit Systems by 1.8% in the 4th quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company’s stock valued at $1,031,000 after purchasing an additional 69 shares during the last quarter. Institutional investors and hedge funds own 17.88% of the company’s stock.

Elbit Systems Stock Up 3.1%

ESLT opened at $504.33 on Thursday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.29 and a quick ratio of 0.77. The stock has a market capitalization of $22.42 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 1.83 and a beta of 0.37. The business has a 50-day moving average of $461.16 and a two-hundred day moving average of $417.02. Elbit Systems Ltd. has a 12 month low of $188.53 and a 12 month high of $504.50.

Elbit Systems (NASDAQ:ESLT) last issued its earnings results on Wednesday, August 13th. The aerospace company reported $3.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.57 by $0.66. Elbit Systems had a return on equity of 14.29% and a net margin of 5.35%.The business had revenue of $1.97 billion during the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the previous year, the business earned $2.08 EPS. On average, research analysts expect that Elbit Systems Ltd. will post 8.05 earnings per share for the current year.

Elbit Systems Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Tuesday, October 14th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, October 14th. This is an increase from Elbit Systems’s previous quarterly dividend of $0.60. Elbit Systems’s dividend payout ratio (DPR) is presently 22.70%.

Analysts Set New Price Targets

ESLT has been the subject of several analyst reports. Wall Street Zen raised shares of Elbit Systems from a “hold” rating to a “buy” rating in a research note on Saturday, August 30th. Bank of America lifted their price target on Elbit Systems from $500.00 to $540.00 and gave the company a “buy” rating in a report on Tuesday, August 26th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $540.00.

Elbit Systems 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.