MassMutual Private Wealth & Trust FSB Sells 31 Shares of Elbit Systems Ltd. $ESLT

MassMutual Private Wealth & Trust FSB lessened its stake in Elbit Systems Ltd. (NASDAQ:ESLT) by 15.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 166 shares of the aerospace company’s stock after selling 31 shares during the quarter. MassMutual Private Wealth & Trust FSB’s holdings in Elbit Systems were worth $75,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of ESLT. National Bank of Canada FI grew its position in shares of Elbit Systems by 8.6% during 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 in the last quarter. Townsquare Capital LLC grew its position in Elbit Systems by 5.3% in the first quarter. Townsquare Capital LLC now owns 878 shares of the aerospace company’s stock worth $337,000 after acquiring an additional 44 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Elbit Systems by 3.8% in the first quarter. Sequoia Financial Advisors LLC now owns 1,498 shares of the aerospace company’s stock worth $575,000 after acquiring an additional 55 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Elbit Systems by 1.8% in the fourth quarter. Public Employees Retirement System of Ohio now owns 3,938 shares of the aerospace company’s stock worth $1,031,000 after acquiring an additional 69 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new position in Elbit Systems in the first quarter worth $29,000. Institutional investors own 17.88% of the company’s stock.

Elbit Systems Price Performance

Shares of ESLT opened at $487.97 on Friday. The firm’s 50-day simple moving average is $468.69 and its two-hundred day simple moving average is $426.45. Elbit Systems Ltd. has a fifty-two week low of $189.94 and a fifty-two week high of $510.58. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.77 and a current ratio of 1.29. The stock has a market cap of $21.69 billion, a PE ratio of 55.39, a price-to-earnings-growth ratio of 1.73 and a beta of 0.37.

Elbit Systems (NASDAQ:ESLT) last posted its quarterly earnings results on Wednesday, August 13th. The aerospace company reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $2.57 by $0.66. Elbit Systems had a net margin of 5.35% and a return on equity of 14.29%. The firm had revenue of $1.97 billion for the quarter, compared to analysts’ expectations of $1.89 billion. During the same quarter in the prior year, the company posted $2.08 earnings per share. Analysts anticipate that Elbit Systems Ltd. will post 8.05 earnings per share for the current fiscal year.

Elbit Systems Increases Dividend

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

Analysts Set New Price Targets

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